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What is the time limit for making the assessment under section 144 i.e. best judgement assessment?​ ​

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 aliya bhat asked almost 3 years ago

Hi I am preparing for CA exam. I want to know about income tax. Can I know, What is the time limit for making the assessment under section 144 i.e. best judgement assessment?​ ​​

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

Hi, ​​As per section 153, assessment under section 144 shall be made within a period of two years from the end of the relevant assessment year. E.g. Assessment under section 144​ for the financial year 2013-14 i.e. assessment year 2014-15 shall be completed till 31-3-2017.​

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pankaj answered almost 3 years ago

As per section 153, assessment under section 144 shall be made within a period of two years from the end of the relevant assessment year. E.g. Assessment under section 144​ for the financial year 2013-14 i.e. assessment year 2014-15 shall be completed till 31-3-2017.​

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Picsjoin 2017224123730582 Archana answered almost 3 years ago

Hie Adhya, ​​- As per section 153, assessment under section 144 shall be made within a period of two years from the end of the relevant assessment year. E.g. Assessment under section 144​ for the financial year 2013-14 i.e. assessment year 2014-15 shall be completed till 31-3-2017.​

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered almost 3 years ago

Dear Friend, as far as your query is concerned that What is the time limit for making the assessment under section 144 i.e. best judgement assessment?​ ​ Let me informed that ​​As per section 153, assessment under section 144 shall be made within a period of two years from the end of the relevant assessment year. E.g. Assessment under section 144​ for the financial year 2013-14 i.e. assessment year 2014-15 shall be completed till 31-3-2017.​ Hope answer was helpful to you Regards, Arjun Pratap Singh

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