The ITAT Hyderabad has delivered a significant ruling deleting additions made by the Assessing Officer due to lack of corroborative evidence from third-party documents. In the case of SVS Projects India Private Limited vs ACIT, the Tribunal held that additions based solely on documents seized from a third party, without corroborative evidence, are unsustainable in law. The ruling emphasizes that presumption under Sections 132(4A) and 292C applies only to the person from whose possession the documents are found and cannot be extended to the assessee. The Tribunal further noted that the documents were neither in the handwriting of the assessee nor signed by it, and no independent evidence such as cash receipts or confirmations was brought on record.
According to The New Indian Express, Andhra Pradesh recorded tax receipts of ₹4,323.07 crore in April 2026, demonstrating robust growth compared to the previous year. As reported by Chief Commissioner of State Tax Babu A, the growth was primarily driven by petroleum VAT, professional tax, and select services including real estate, construction, electric machinery and equipment, bullion and jewellery. However, GST collections on the goods side were impacted by rate cuts on vehicles, cement and metals. The state's Net GST collections reached ₹3,796.91 crore in April 2026, achieving a growth of 6.83% compared to ₹3,554.27 crore in April 2025. The Government of India settled IGST of ₹2,194.89 crore for April 2026 with AP, which is ₹252.05 crore (12.97%) compared to the settlement of ₹1,942.84 crore in the corresponding period of April 2025.
The Income Tax Department has established a comprehensive authentication system for taxpayers to verify the authenticity of their notices. According to reports from Mint, taxpayers can use the authentication feature on the I-T e-filing portal to confirm whether a notice is genuine before responding. The process requires specific documentation and verification steps to ensure authenticity.
As reported by Mint, taxpayers can authenticate their notices through a structured online process. The authentication begins by visiting the income tax e-filing portal at https://www.incometax.gov.in/iec/foportal/ and scrolling to the Quick Links section. Taxpayers must enter their Document Identification Number (DIN) and mobile number to initiate the authentication process. Alternatively, they can use their PAN, document type, assessment year, and issue date for verification. An OTP is sent to the registered mobile number, which taxpayers use to receive a success message confirming the notice's authenticity.
According to Mint, Income Tax Notices fall under specific sections of the Income Tax Act. Section 142(1) covers inquiry before assessment, Section 143(1) deals with intimation letters, Section 143(2) handles notices for scrutiny of assessment, Section 148 covers notices for escaping assessment, and Section 245 relates to demand notices. Common reasons for notices include non-filing of ITR, incorrect ITR forms, misreported TDS amounts, failure to declare income, and non-disclosure of high-value transactions.
