What is assessment under section 144?

What is assessment under section 144?

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​​​​​​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.

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Prabha.

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If we fails to file the return under the sec 139, sec 142, and sec 143. the income tax officer will assess our income tax by considering all documents, profit , loss then he confirm the payable or refundable, such assessment called as sec 144 best judgement assessment under IT act.

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