Introduction Best judgement assessment is an important provision in the Indian Income Tax Act, 1961, which allows the Income Tax Department to make an assessment of a taxpayer’s income to the best of its judgement when the taxpayer fails to provide the required information or fails to file their tax return. In this blog, we will discuss the concept of best judgement assessment in income tax and its implications for taxpayers. When is Best Judgement Assessment Used? Best judgement assessment is used by the Income Tax Department in the following situations: Non-Filing of Tax Return: If a taxpayer fails to […]