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of <h1>Clause 156 of Direct Taxes Code 2010: Best Judgment Assessment Procedure for Non-Compliance by Assessee Explained.</h1> Clause 156 of the Direct Taxes Code, 2010, outlines the procedure for best judgment assessment by the Assessing Officer. This assessment is applicable if the assessee fails to file required returns, comply with notices or directions, follow prescribed accounting methods, or if the Officer doubts the accuracy of the accounts. The Officer must consider all relevant materials and provide the assessee an opportunity to be heard, except when a notice under section 146 has been issued. The process ensures assessments are based on available information when compliance from the assessee is lacking.
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