Noncompliance with ICDS can invite best judgment assessment by the tax officer as enforcement consequence. Failure to apply ICDS in computing taxable income permits the Assessing Officer to proceed with a best judgment assessment using available material and ... Summary
Noncompliance with ICDS can invite best judgment assessment by the tax officer as enforcement consequence.
Failure to apply ICDS in computing taxable income permits the Assessing Officer to proceed with a best judgment assessment using available material and other necessary information when the taxpayer's computation does not conform to ICDS principles.
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