8. Any person to whom this Act applies, who has deposited moneys in any such special account as is referred to in section and who is deemed under section 4, to have paid the tax referred to in that section, shall not be liable"
| (a)to pay
| | (i)any income tax or surcharge on income tax under the law for the time being applicable to the imposition of income tax or surcharge on income tax, in respect of his profits or income for any year of assessment ending on or before March 31, 1983, and represented by the amount of the accumulated profits or income referred to in section 3 ; | | |
| | (ii) any wealth tax or surcharge on wealth tax -under the law for the time being applicable to the imposition of wealth tax or surcharge on wealth tax, in respect of his net wealth for any year of assessment ending on or before March 31, 1988, in the acquisition of which the accumulated profits or income referred to in section 3 have been utilized ; | | |
| | (iii) any business turnover tax under the Finance Act, No. 11 of 1963 or any turnover tax under the Turnover Tax Act, No. 69 of 1981, in respect of the turnover from which the amount of the accumulated profits or income referred to in section 3 arose, or was derived ; | | |
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| (b) to a prosecution or to a penalty for any offence under"
| | (i) the law for the time being relating to the imposition of income tax or surcharge on income tax or wealth tax or surcharge on wealth tax in relation to any year of assessment ending on or before March 31, 1983, in respect of, or in connection with, the whole or any part of the amount of the accumulated profits or income, referred to in section 3; or the wealth in the acquisition of which the whole or any part of the amount of the accumulated profits or income, referred to in section 3, has been utilized; or | | |
| | (ii) the Finance Act, No. 11 of 1863 or the Turnover Tax Act, No. 69 of 1981, in relation to any period prior to April 1, 1988, in respect of the turnover from which the amount of the accumulated profits or income, referred to in section 3 arose or was derived. | | |
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Sri Lanka Consolidated Acts