Virtusa (pvt) Ltd. vs Commissioner general of Inland Revenue – CA TAX 22/2013-2018

In the case between Virtusa (Pvt) Ltd. and the Commissioner General of Inland Revenue, the court addressed the issue of whether Virtusa (Pvt) Ltd. had met conditions stipulated by the Board of Investment (BOI) of Sri Lanka—specifically the employment of 1,025 persons by 31/03/2013—in connection with eligibility for an income tax exemption for the 2007/2008 assessment year. The court held that, in light of agreed and undisputed compliance with the BOI’s employment requirement, the original tax assessment required reconsideration. It was determined that the appropriate authority for such reconsideration is the Tax Appeal Commission under Section 11A(6) of the Tax Appeal Commission Act, No. 23 of 2011 (as amended). The court directed that the matter be remitted to the Tax Appeal Commission fo