Section 144 best judgement is invoked if:
AAssessee fails to file/comply with 142(1) or 143(2)
BAO suspects high income (per relevant Section)
CAssessee files belated
DAudit report not filed
Answer & Solution
Correct answer: A. Assessee fails to file/comply with 142(1) or 143(2)
1. Section 144: invoked when assessee fails to (a) file 139 return, (b) comply with 142(1), (c) comply with 143(2), or (d) comply with 142(2A) direction.
2. AO assesses to best of judgement on available info after opportunity of being heard.
3. Cannot be set aside merely for best judgement nature.
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
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