Section 121 of the Income Tax Ordinance, 2001 has empowered the commissioner to pass best judgment in assessment case The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following is the text of Section 121 of Income Tax Ordinance, 2001: 121. Best judgement assessment.— (1) … Continue reading Powers to make best judgment in assessment cases