Case of CIT vs Sis Live, HC Delhi Judgement Dated 7th May 2025. HC has clarified that losses from previous assessment years are not to be included when computing the “tax effect” for determining whether an appeal falls within the monetary limits set by CBDT circulars. The court’s refusal to allow the Revenue to expand the definition of “tax effect” beyond what is explicitly provided in the circular is consistent with the notion that the department is bound by its own instructions.