Assessment Order
The tax authority's formal determination of a taxpayer's income/tax liability for a period.
In Simple Terms
The tax department's official decision on how much tax you actually owe.
Detailed Legal Meaning
An assessment order is passed by the tax authority after examining a taxpayer's return and supporting material (or, in a best-judgment assessment, in its absence), determining the taxable income or turnover and the resulting tax liability, and forms the basis for any subsequent demand, appeal, or recovery proceeding.
Relevant Acts & Sections
- Income-tax Act, 1961Search on India Code ↗
- Central Goods and Services Tax Act, 2017Search on India Code ↗