PARLIAMENT

Hon. (Mrs.) A.M.M.M. Rathwaththe,— To ask the Minister of Agriculture, Livestock, Land and Irrigation,— (1)

(a) Is he aware that —  

(i) a land measuring about 1000 acres in the Mahaweli C zone has been disposed to Informatics Private Limited for an investment project; and

(ii) when the first period of lease of that land ended, and when the approval was granted for the second period of lease, a tax concession has been granted on account of the excessive figure of the valuation, and as a result the government loses a substantial loss in tax revenue?

(b) Will he inform this House —

(i) whether a tax concession can be granted as mentioned above;

(ii) of the basis of granting such tax concession; and

(iii) of the measures that can be taken to revise it?

(c) If not, why?