Best Judgment Assessment - Section 144

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..... one of the following 4 defaults, AO shall make an assessment to the best of his judgement knowledge 1. Failure to furnish ROI u/s 139(1) and not files u/s 139(4) or u/s 139(5) or Fails to make return Updated return u/s 138(8A) [Amendment made by FA, 2022 ] 2. Failure to comply with all the terms of a notice issued u/s 142(1) . 3. Failure to comply with the direction issued u/s 142(2A) for getting .....

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..... e accounts of the assessee, or where the method of accounting provided in section 145(1) has not been regularly followed by the assessee, or income has not been computed in accordance with the ICDS, the AO may make an assessment in the manner provided in section 144 . - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - t .....

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