https://www.taxtmi.com/acts?id=51816 Section 271 provides for best judgment assessment where an assessee fails to furnish required returns or comply with specified notices or directions; the Assessing Officer may determine total income or loss and the payable sum to the best of his judgment after considering relevant materials. The officer must, subject to a narrow exception, serve a show-cause notice specifying date and time and give the assessee an opportunity of being heard before completing the assessment. en-us Thu, 14 Aug 2025 17:21:21 +0530 Wed, 03 Sep 2025 15:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51816 Section 271 provides for best judgment assessment where an assessee fails to furnish required returns or comply with specified notices or directions; the Assessing Officer may determine total income or loss and the payable sum to the best of his judgment after considering relevant materials. The officer must, subject to a narrow exception, serve a show-cause notice specifying date and time and give the assessee an opportunity of being heard before completing the assessment. Act-Rules Income Tax Thu, 14 Aug 2025 17:21:21 +0530 https://www.taxtmi.com/acts?id=51816