Find
If no return was filed and notices went unanswered, the officer can assess income on available information under Sec 144 and raise a demand. You can appeal the order before the Commissioner (Appeals).
ITR
Demand after best judgment assessment with no return
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Provisions
Sec 144, Income-tax Act 1961 (now Sec 271); Sec 246A, Income-tax Act 1961 (now Sec 357)
Analysis
Such orders often add the full AIS figures, such as ₹12,00,000 of share sales, as income, when the real gain may be ₹40,000. File Form 35 within 30 days with the true computation and evidence, explaining why you could not reply earlier. Ask for a stay on the disputed demand and pay what you accept.
Close
- Read the order and the income the officer estimated.
- Prepare the true computation with proofs.
- File Form 35 within 30 days with reasons for earlier non-compliance.
- Apply for stay of the disputed demand.
- File returns on time in future years.
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