Under what circumstances the Assessing Officer will proceed for making assessment under section 144 i.e. best judgment assessment?

Under what circumstances the Assessing Officer will proceed for making assessment under section 144 i.e. best judgment assessment? https://www.taxtmi.com/manuals?id=4184 Best judgment assessment is required when a taxpayer fails to file a return (original, belated, or revised) or fails to comply with all terms of an inquiry notice that may require filing the return, producing accounts or documents, and furnishing verified information including assets and liabilities. It also applies where the taxpayer does not comply with directions for a special audit-entailing audit by a chartered accountant and inventory valuation by a cost accountant with a prescribed report-or where the taxpayer fails to comply with all terms of a scrutiny assessment notice. en-us Mon, 25 Dec 2023 18:41:00 +0530 Fri, 05 Jan 2024 10:45:00 +0530 TaxTMI RSS Generator Under what circumstances the Assessing Officer will proceed for making assessment under section 144 i.e. best judgment assessment? https://www.taxtmi.com/manuals?id=4184 Best judgment assessment is required when a taxpayer fails to file a return (original, belated, or revised) or fails to comply with all terms of an inquiry notice that may require filing the return, producing accounts or documents, and furnishing verified information including assets and liabilities. It also applies where the taxpayer does not comply with directions for a special audit-entailing audit by a chartered accountant and inventory valuation by a cost accountant with a prescribed report-or where the taxpayer fails to comply with all terms of a scrutiny assessment notice. Manuals Income Tax Mon, 25 Dec 2023 18:41:00 +0530 https://www.taxtmi.com/manuals?id=4184