5. No qualified person shall be liable
| (a) to pay
| | (i) for any year of assessment ending on or before March 31, 1991, any income tax or surcharge on income tax payable respectively under the Inland Revenue Act or the Surcharge on Income Tax Act, in respect of such part of his relevant profits or income as is represented by the amount used by him for any one or more of the purposes referred to in subsection (1) of section 3, and which amount is specified in a certificate issued in respect of such purpose, under section 4; | | |
| | (ii) for any year of assessment ending on or before March 31, 1991, any wealth tax or surcharge on wealth tax payable respectively under the Inland Revenue Act, or the Surcharge on Wealth Tax Act in respect of such part of his net wealth, for the acquisition of which such part of his relevant profits and income as is referred to in sub-paragraph (i) had been utilized ; or | | |
| | (iii) for any quarter ending on or before March 31, 1991, any turnover tax payable under the Turnover Tax Act, in respect of such part of the turnover from which such part of his relevant profits and income as is referred to in sub-paragraph (i) arose or was derived ; | | |
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| (b) to any prosecution or to any penalty for any offence under
| | (i) the Inland Revenue Act, the Surcharge on Income Tax Act or the Surcharge on Wealth Tax Act, in relation to any year of assessment ending on or before March 31,1991, in respect of, or in connection with, such part of his relevant profits or income as is referred to in sub-paragraph (i) of paragraph (a), or such part of his net wealth as is referred to in sub-paragraph (ii) of paragraph (a) ; or | | |
| | (ii) the Turnover Tax Act, in relation to any quarter ending on or before March 31, 1991, in respect of, or in connection with, such part of his turnover as is referred to in sub-paragraph (iii) of paragraph (a). | | |
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Sri Lanka Consolidated Acts