https://www.taxtmi.com/caselaws?id=787208 Failure by the assessing officer to inquire into a first-time, material one time 'Exceptional Item' claim renders the assessment order erroneous and prejudicial to revenue under Explanation 2 to Section 263, requiring the order to be set aside for fresh limited examination; the assessing officer must re-examine only the Exceptional Item of Rs.57.02 crore and the sundry balance write off difference of Rs.9,48,187. A revisional direction to examine additional claimed losses was outside the scope of the revisional notice and is not justified, so the scope of fresh inquiries is restricted accordingly. en-us Thu, 08 Jan 2026 00:00:00 +0530 Sat, 28 Feb 2026 08:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787208 Failure by the assessing officer to inquire into a first-time, material one time 'Exceptional Item' claim renders the assessment order erroneous and prejudicial to revenue under Explanation 2 to Section 263, requiring the order to be set aside for fresh limited examination; the assessing officer must re-examine only the Exceptional Item of Rs.57.02 crore and the sundry balance write off difference of Rs.9,48,187. A revisional direction to examine additional claimed losses was outside the scope of the revisional notice and is not justified, so the scope of fresh inquiries is restricted accordingly. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787208