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REJECTION OF BOOKS OF ACCOUNTS..

PUSHP KUMAR SAHU (CA FINAL ASPIRANT) (3115 Points)

14 January 2019

IN CASE A.O. REJECTS THE BOOKS OF ACCOUNTS OF A ASSESSE ...THAN IN WHAT SECTION ASSESSMENT ORDER WILL BE PASSED...

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Nitesh bind (Student CA Final ) (12692 Points)
Replied 15 January 2019

The Assessment shall be done under that section under which it was Pending BUT THE MANNER PROVIDED under Best Judgement Assessment u/s 144 shall be taken. Only the manner shall be taken but Assessment order shall be passed under the same section under which it was pending.

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PUSHP KUMAR SAHU (CA FINAL ASPIRANT) (3115 Points)
Replied 15 January 2019

CAN A.O. PASS THE JUDGEMENT UNDER SECTION 144 ...EXPARTE ORDER

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Nitesh bind (Student CA Final ) (12692 Points)
Replied 15 January 2019

A.O shall pass the order under which the Assessment was pending.

Best Judgement Assessment can be done only under 4 cases:

1. Failure to Furnish Return u/s 139(1) & no belated return is filed till the best judgement assessment.

2. Failure to comply with 142(1)(i) /142(1)(ii)

3. Failure to comply with Special Audit Direction u/s 142(2A)

4. Failure to comply with notice u/s 143(2)

This is the Exhaustive List of failures due to which the A.O. may proceed with the Best Judgement Assessment u/s 144.

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