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of <h1>Income Tax Bill 2025: Clause 271 Details Best Judgment Assessment Procedure for Non-compliance with Filing Requirements.</h1> Clause 271 of the Income Tax Bill, 2025, outlines the procedure for best judgment assessment by an Assessing Officer. This applies when a person fails to file the required return, comply with notices or directions, or adhere to terms after making a return. The officer, after considering all relevant materials and providing the assessee an opportunity to be heard, will assess the total income or loss and determine the payable sum. A notice to show cause is usually required unless a prior notice under section 268(1) has been issued.
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