Home > Income Tax Act 2025 > Section-271Last Updated: Mar 06th 2025
Section-271 seeks to provide for completion of assessment to the best of judgment of the assessing officer. Learn to understand the section-271 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
the Assessing Officer, after taking into account all relevant materials which he has gathered, shall, after giving the assessee an opportunity of being heard, make the assessment of the total income or loss to the best of his judgment and determine the sum payable by the assessee on the basis of such assessment.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.