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Validity of notice proposing for Best Judgement assessment u/s ...


Court Grants Six Weeks for Filing ITR After Non-Compliance Due to Medical and Recovery Issues; Best Judgement to Follow if Missed.

February 13, 2024

Case Laws     Income Tax     HC

Validity of notice proposing for Best Judgement assessment u/s 144 - Failure to file ITR in response to notice u/s 148 r.w.s. 142(1) due to medical reasons and recovery proceedings against the company under the provisions of SARFAESI Act - The High court granted the petitioner six weeks to file returns and submit required documents in response to the latest notice. Failure to comply would lead to finalizing the assessment under Section 144 of the Income Tax Act.

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