Q 267. Under what circumstances can a best judgment assessment order issued under section 46 be withdrawn?


Ans. The  best  judgment  order  passed  by  the  Proper Officer under section 46 of MGL shall automatically stand withdrawn if the taxable person furnishes a valid return for the default period (i.e. files the return and pays the tax as assessed by him), within thirty days of the receipt of the best judgment assessment order….

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