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This query is : Resolved
Gokul Sharma
(Expert)
10 January 2017
Best judgement asst u/s 144 is when dept will calculate your tax liability in case you did not file your income tax return.
19 July 2025
Best Judgment Assessment is covered under Section 144 of the Income Tax Act.
It is used when the taxpayer fails to file a return or does not comply with the tax authorities. Then, the Assessing Officer (AO) estimates the income and tax liability to the best of their judgment, based on available information.
Regarding Section 72, this is unrelated to best judgment assessment.
Section 72 deals with set-off and carry forward of losses under Income Tax, not assessment.
So, Best Judgment Assessment is only under Section 144.
It is used when the taxpayer fails to file a return or does not comply with the tax authorities. Then, the Assessing Officer (AO) estimates the income and tax liability to the best of their judgment, based on available information.
Regarding Section 72, this is unrelated to best judgment assessment.
Section 72 deals with set-off and carry forward of losses under Income Tax, not assessment.
So, Best Judgment Assessment is only under Section 144.
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