7. Section 8 of the principal enactment is hereby amended by the repeal of sub-paragraph (b) of paragraph (1) of the definition of " income tax ", and the substitution therefor of the following sub-paragraph:-
| "(b) for the relevant year commencing respectively, on April 1, 1993, April 1, 1994 and April 1, 1995 means the income tax payable under the Inland Revenue Act, by that company for that relevant year, after deducting therefrom the aggregate of-
| | (i) any income tax payable by that company for that year under paragraph (b) of subsection (1) of section 33, and | | |
| | (ii) any relief granted for that year under section 82 or section 83 and any deduction allowed under section 85A of that Act.". | | |
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Sri Lanka Consolidated Acts