- If I.T.R. has not been filed by assessee, A.O. can issue notice under section 142(1) asking assessee to file I.T.R.
- A.O. will specify time within which return has to be filed.
- If Assessee fails to furnish return within the specified time then Best Judgement Assessment can be done by A.O. under section 144 .
- Loss cannot be carry forward if ITR filed in response to notice under 142(1) .
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