The progress of the Inland Revenue Bill (27.04.2021)

What will happen to Inland Revenue Amendment Bill ?

02.04.2021 - Senior Chartered Accountant, Mr.Nihal Hettiarachchi filed a petition in SC challenging constitutionality of new legislation. Refer http://bit.ly/Petition01

05.04.2021-  Bar Association of Sri Lanka (BASL) also filed petition by challenging the New bill in SC. Refer   http://bit.ly/Petiton02

07.04.2021 - AG agrees to reconsider two clauses in new Inland Revenue Bill- Refer http://bit.ly/AGconsideration

27.04.2021- Dr Kanag Isvaran PC prevails on Supreme Court to amend the Inland Revenue Bill. Refer http://bit.ly/IRAct_amendment

Article credit to Daily FT /Sunday Times/Colombo Times

Await for more updates..