Best judgment assessment withdrawal requires taxpayer to file a valid return and pay assessed tax within the allowed period after order. A best judgment assessment order under section 46 is automatically withdrawn if the taxable person furnishes a valid return for the default period and pays the tax as assessed by him within thirty days of receipt of the best judgment assessment order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Best judgment assessment withdrawal requires taxpayer to file a valid return and pay assessed tax within the allowed period after order.
A best judgment assessment order under section 46 is automatically withdrawn if the taxable person furnishes a valid return for the default period and pays the tax as assessed by him within thirty days of receipt of the best judgment assessment order.
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