Reassessment Additions: ITAT dismisses Appeal as Assessee Opt for Vivad Se Vishwas

Raghav Agarwal (HUF) Vs ITO Ward-1(1)(3) (ITAT Lucknow) Raghav Agarwal (HUF) had filed an appeal before the Income Tax Appellate Tribunal (ITAT), Lucknow, contesting an order dated 29.02.2024 by the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, for the assessment year 2015-16. The assessee challenged the validity of reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961. The grounds of appeal raised by the assessee included arguments that the reassessment was without jurisdiction, citing vague reasons recorded under Section 148(2...