Income Tax Evasion And Nondisclosure Of Profits And Income Act (No. 13 of 1964)

Sri Lanka Consolidated Acts

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Income Tax Evasion And Nondisclosure Of Profits And Income Act (No. 13 of 1964) - Sect 6

Provisions relating to resumption of possession of property surrendered

6. Where any person to whom this Act applies has surrendered any property in compliance with the provisions of section 4 and where such person pays tax to the Commissioner as required by section 5 or requests him to appropriate a portion of such property in lieu of payment of tax, the Commissioner shall-

(a) where such tax is paid, permit such person to resume possession of the property surrendered by such person,

(b) where a portion of the property surrendered by such person is appropriated by him in lieu of tax, permit such person to resume possession of the remaining property surrendered by such person, and

	(i) the aggregate value of the property declared by such person, and

	(ii) the amount recovered as tax from such person.

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