what is best judgement assessment under section 144?

Introduction : Best judgement assessment in income tax, 1961 gives the guidelines that an Assessment Officer (AO) should follow while conducting an evaluation on assessee’s IT Return/tax liabilities the usage of his/her high-quality viable line of logical justification in positive precise situations. The unique situations, the place an Assessment Officer is compelled to examine ITR/Tax legal responsibility based totally on his/her very own great logical justification are given as: 1. Assessee failing to publish ITR u/s 139(1) 2. Assessee failing to publish belated ITR u/s 139(4) 3. Assessee failing to publish revised ITR u/s 139(5) 4. Assessee failing to fulfill […]