CA Final
208 Points
Joined November 2009
This is generally associated with Exemption Sections.
The Exemption under Income Tax such as 10A, 10AA, 10B is available only till upto particular Assessment Year.
After that AY, there will be no exemption. The AY upto which the exemption will be given is given vide a clause in the respective section.
This is called Sunset Clause, i.e., after the year from which there will be no exemption, the exemption comes to an end.
Shiva