1. 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.
  2. A.O. will specify time within which return has to be filed.
  3. If Assessee fails to furnish return within the specified time then Best Judgement Assessment can be done by A.O. under section 144 .
  4. Loss cannot be carry forward if ITR filed in response to notice under 142(1) .
  1. Income Tax
  2. Return of Income
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 7 years. He provides courses for Mathematics and Science from Class 6 to 12. You can learn personally from here https://www.teachoo.com/premium/maths-and-science-classes/.