{"id":1378,"date":"2025-06-16T08:56:33","date_gmt":"2025-06-16T08:56:33","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=1378"},"modified":"2025-06-16T08:56:34","modified_gmt":"2025-06-16T08:56:34","slug":"income-tax-hc-judgement-dated-07-05-2025-hc-excludes-prior-year-losses-from-tax-effect-calculation-for-cbdt-circular-threshold","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/06\/16\/income-tax-hc-judgement-dated-07-05-2025-hc-excludes-prior-year-losses-from-tax-effect-calculation-for-cbdt-circular-threshold\/","title":{"rendered":"Income Tax HC Judgement Dated 07\/05\/2025 – HC excludes prior year losses from Tax Effect calculation for CBDT circular threshold"},"content":{"rendered":"\n

Case of CIT vs Sis Live, HC Delhi Judgement Dated 7th<\/sup>\u00a0May 2025.<\/em>\u00a0HC has clarified that losses from previous assessment years are not to be included when computing the \u201ctax effect\u201d for determining whether an appeal falls within the monetary limits set by CBDT circulars. The court\u2019s refusal to allow the Revenue to expand the definition of \u201ctax effect\u201d beyond what is explicitly provided in the circular is consistent with the notion that the department is bound by its own instructions.\u00a0<\/p>\n\n\n\n

(Link: HC Delhi Judgement<\/em><\/a> <\/em>Dated 07\/05\/2025)<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Case of CIT vs Sis Live, HC Delhi Judgement Dated 7th\u00a0May 2025.\u00a0HC has clarified that losses from previous assessment years […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,15],"tags":[],"class_list":["post-1378","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-judiciary"],"yoast_head":"\nIncome Tax HC Judgement Dated 07\/05\/2025 - 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