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 A best judgment assessment order under section 46 is automatically withdrawn if the taxable person furnishes a valid return for the default period and ... Summary
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A best judgment assessment order under section 46 is automatically withdrawn if the taxable person furnishes a valid return for the default period and pays the tax as assessed by him within thirty days of receipt of the best judgment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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