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of <h1>Revenue Audit Objections Settled After Rectification, Not Payment; Aims to Reduce Backlog and Unresolved Cases.</h1> The circular addresses the backlog of Revenue Audit objections, proposing that these objections be considered settled once rectificatory actions are taken and additional demands are raised, without waiting for the actual collection of payments. This is to reduce the pendency of objections, which often remain unresolved due to delays in payment or appeals. The conditions for settling include considering recommendations from the Public Accounts Committee, ensuring Internal Audit monitors recoveries, and understanding that settling does not equate to dropping objections. The Board emphasizes adherence to these guidelines to manage audit objection pendency effectively.
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