Which of the following statements are true about Best Judgement Assessment under Section 144?
1. It is applied when the taxpayer does not file a return.
2. It involves the discretionary judgement of the Income Tax officer.
3. The taxpayer can be denied a fair hearing before the assessment.
4. It is finalized based on the information provided by the taxpayer only.
1
2 and 4 only
2
1 and 2 only
3
1, 2, and 3 only
4
1, 2, and 4 only