ITAT Jabalpur Judgments — August 2021

The Tribunal held that the Revenue's appeal was not maintainable as the exception for accepted audit objections was not met. The Assessing Officer had explicitly disagreed with the audit objection, stating the assessee's explanation was accepted and it was a case of change of opinion.

The Tribunal allowed the assessee to withdraw the appeal, subject to the right to restore it if the VsVS application fails. The appeal was dismissed as not maintainable due to the VsVS settlement process.

The Tribunal, with the consent of the Revenue, permitted the assessee to withdraw its appeal. Consequently, the appeal was dismissed as withdrawn.