About Section 144 (Best Judgment Assessment)
Section 144 of the Income Tax Act deals with Best Judgment Assessment, where the Assessing Officer determines taxable income based on available information when a taxpayer fails to file returns, respond to notices, or comply with requirements. Such assessments may lead to higher tax liabilities if not properly handled.
What We Do
We assist taxpayers in handling Section 144 cases by reviewing the assessment, preparing proper explanations, and representing before tax authorities. Our goal is to minimize additions, correct assumptions, and bring the case to a fair resolution.
Why Choose Us
Assessment Expertise
Handling complex best judgment cases.
Strong Documentation
Preparation of proper submissions and proofs.
Timely Action
Quick response to mitigate tax exposure.
Risk Reduction
Minimizing excessive additions and penalties.
Expert Representation
Professional handling before authorities.
End-to-End Support
From notice to assessment closure.
Section 144 Services Offered
Case Review
Analysis of assessment order and issues.
Response Preparation
Drafting explanations and submissions.
Record Reconstruction
Rebuilding financial records if required.
Representation
Appearance before assessing officer.
Query Handling
Managing follow-ups and clarifications.
Assessment Resolution
Ensuring fair and compliant closure.
Frequently Asked Questions
What is Section 144?
It is a best judgment assessment made when a taxpayer fails to comply with tax requirements.
When is Section 144 applied?
When returns are not filed or notices are ignored by the taxpayer.
Can Section 144 assessment be challenged?
Yes, it can be challenged through appeal or rectification processes.
What documents are required?
Financial records, bank statements, and supporting documents.
How can tax liability be reduced?
By submitting proper evidence and correcting assumptions made by the officer.