Section 144 & 144A-Best Judgment Assessment


Section 144 of the Income Tax Act covers the provisions relating to the “Best Judgment Assessment”. Here, an assessing officer makes an evaluation based on his best reasoning. Section 144-Best Judgment Assessment As per this section, if any person; fails to file the return as required U/S 139(1); or a belated return U/S 139(4) or a revised return U/S 139(5); or fails to comply with all the terms of a notice issued U/S 142(1) or; fails to comply with the direction issued U/S 142(2A); or after filing a return, fails…

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