Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 27 of 1995) - Sect 23

Validation of refund or set off

23. Where an employer has, during the period commencing on May 18, 1994, and ending on the date of commencement of this Act, refunded under subsection (1) of section 112A or set off under subsection(2) of section 112A any income tax, such employer shall be deemed-
(a) to have validly refunded or set off as the case may be such tax so refunded or set off; and
(b) not to be a defaulter in respect of such tax so setoff, notwithstanding the provisions of subsection (1) of section 107.

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