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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Assessments under the Income-tax Law |
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What is assessment under section 144? |
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Ans. Assessment under section 144 (called best judgment assessment) is an assessment carried out as per the best judgment of the Assessing Officer. Best judgment assessment is resorted due to certain failures (specified under section 144) on the part of the taxpayer (discussed in next FAQ). |
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