What are the consequences of not responding to Notice 142(1)?

There are severe consequences of not complying with the demands of Notice 142(1).

The Assessing officer, on the basis of all the relevant information and proofs gathered by him, will give a “Best Judgement Assessment” u/s 144, which will then be binding on the Assessee.

Failure to provide the necessary documents to the AO in order to carry out his assessment, within the stipulated time, on any other failure to respond can attract prosecution of 3 months to 7 years u/s 276CC, depending on the gravity of the case.

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What will happen if I ignore the Tax Notice 143 (2)?
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What is the time limit for responding to Demand Notice 156?
You must pay the demanded amount within 30 days’ time. Failure to do so will attract penalties.
By when should I pay the additional amount demanded in the Notice u/s 156?
You must pay the amount demanded in the notice u/s 156 within 30 days from receiving the notice.
How do I respond to Notice 142(1)?
If the notice is issued with respect to not filing the returns, then the Assessee has to file the returns within a stipulated period of time given in the notice, and a copy of it must be submitted to the AO along with the relevant proofs and ...
Why did I get a Tax Notice u/s 156?
A Demand Notice u/s 156 is sent to you by the I-T Dept. for demanding payment for any additional tax liability, interest or penalty that may be levied on you. This demand is raised by your assessing officer in respect of any assessment order for ...

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