Under what circumstances the Assessing Officer will proceed for making assessment under section 144 i.e. best judgment assessment?

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..... : If the taxpayer fails to file the return of income as required within the due date prescribed under section 139(1) or a belated return under section 139(4) or a revised return under section 139(5). If the taxpayer fails to comply with all the terms of a notice issued under section 142(1) . Note: section 142(1) deals with the general provisions relating to an inquiry before a .....

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..... to get his Accounts audited from a chartered accountant; Inventory valued by a Cost accountant Nominated by the principal chief commissioner or Chief Commissioner or Principal Commissioner or Commissioner and to furnish a report of such audit in the prescribed form. If after filing the return of income, the taxpayer fails to comply with all the terms of a notice issued under sect .....

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