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Best judgement tax
what is best judgement tax?
Replies (2)
i think you want tp discuss best judgement assessment of income tax
Best Judgement Assessment u/s 144 of the Income Tax Act, 1961 gives an Assessing Officer (AO) the power to make best of his judgement against a person who fails to supply relevant information with regard to his total income/loss and resolve the sum payable by the assessee on the basis of such assessment.
Best Judgement Assessment u/s 144 of the Income Tax Act, 1961 gives an Assessing Officer (AO) the power to make best of his judgement against a person who fails to supply relevant information with regard to his total income/loss and resolve the sum payable by the assessee on the basis of such assessment.
thanks
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