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of <h1>Section 271 allows best-judgment tax assessments when returns or statutory directions are not complied with; preserve filing proof</h1> Section 271 empowers assessing officers to make best-judgment assessments where required returns are not furnished or statutory notices/directions are not complied with, requiring consideration of all relevant materials and generally an opportunity to be heard, except where a prior notice under the related provision obviates the show-cause step. The enacted text is terser, substituting 'furnish' for the Bill's 'make' and aggregating subsection references, which may broaden textual reach and invite technical disputes over whether later revised/updated returns negate liability; otherwise differences are largely terminological. Taxpayers should preserve filing proof and records to challenge assessments.
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