What is assessment under section 144?
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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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.