https://www.taxtmi.com/acts?id=3297 Best judgment assessment allows the Assessing Officer to determine total income or loss when an assessee fails to file required returns or comply with specified notices; the Assessing Officer must consider all relevant material and, after serving a show-cause notice giving the assessee an opportunity to be heard on a specified date and time, make the assessment to the best of his judgment. A transitional provision preserves earlier application of the section for prior assessment years and an exception removes the hearing requirement where a prior notice under the relevant subsection was issued. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 30 Jun 2025 16:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3297 Best judgment assessment allows the Assessing Officer to determine total income or loss when an assessee fails to file required returns or comply with specified notices; the Assessing Officer must consider all relevant material and, after serving a show-cause notice giving the assessee an opportunity to be heard on a specified date and time, make the assessment to the best of his judgment. A transitional provision preserves earlier application of the section for prior assessment years and an exception removes the hearing requirement where a prior notice under the relevant subsection was issued. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3297