Lanka Marine Services (Private) Limited vs The Commissioner General of Inland Revenue – CA TAX/0004/2018-2023

In the case between Lanka Marine Services (Private) Limited (Appellant) and The Commissioner General of Inland Revenue (Respondent), the court addressed whether the Tax Appeals Commission’s determination and/or the assessment by the Commissioner General was time barred under the Inland Revenue Act, No. 10 of 2006 (as amended), and whether the Appellant’s sale of bunker fuel to foreign vessels qualified as “exports” for concessionary income tax rates. It was held that the Tax Appeals Commission’s determination and the Commissioner General’s determination were not time barred, but the original assessment by the Assessor was invalid due to being issued outside the statutory time period. The supplying of bunker fuel to foreign vessels was determined not to qualify as an “export” for concession