Ref:Best Assessment Judegement
This query is : Resolved
CA HEMANTH
(Querist)
03 December 2009
Hi
Under what circumstances Best Assessment Jundment made u/s 144 of Income tax act 1961.
regards
hemanth
Under what circumstances Best Assessment Jundment made u/s 144 of Income tax act 1961.
regards
hemanth
03 December 2009
1) fails to file return u/s 139(1)/139(4)/139(5).
2)fails to comply with the provisions of 142(1) or 142(2A).
3)fails to comply with 143(2).
2)fails to comply with the provisions of 142(1) or 142(2A).
3)fails to comply with 143(2).
CA Ravi Sisodia
(Expert)
03 December 2009
agree with Warrier sir
03 December 2009
In addition to Mr. Warrier, Assessing Officer is also empowered to make best judgement assessment as provided in section 144 in the following situation:
a) Where the Assessing Officer is not satisfied about the correctness or completeness of the accounts of the assessee.
b) Where the method of accounting has not been regularly followed by the assessee.
c) Where the Accounting Standards notified by the Central Government u/s 145(2) have not been regularly followed by the assessee.
a) Where the Assessing Officer is not satisfied about the correctness or completeness of the accounts of the assessee.
b) Where the method of accounting has not been regularly followed by the assessee.
c) Where the Accounting Standards notified by the Central Government u/s 145(2) have not been regularly followed by the assessee.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- ARCA LOGIN
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
