4. Section 29 of the principal enactment is hereby amended in the proviso to paragraph (b) of subsection (2) of that section, as follows :-
| (1) by the substitution, in sub-paragraph (ii) of that proviso, for the words "next year of assessment and so on " of the words " next year of assessment and so or. ;"', and |
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| (2) by the addition, at the end of that proviso, of the following sub-paragraph:-
| | " (iii) no deduction shall be made under this paragraph or under subsection (3) (b) or subsection (4) (b) in respect of a loss incurred by the company, in which there has been a change of ownership on or after November 15, 1935, except against the statutory income of such trade or business of the company as that in which the loss was incurred. | | |
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Sri Lanka Consolidated Acts