AO adds Rs. 30 crore as Unexplained Investment: ITAT restores matter in Interest of Justice with Penalty

The ITAT restored a matter where the AO added ₹30 crore as unexplained investment, in the interest of justice, with a penalty. The tribunal found it appropriate to give the assessee another opportunity to explain the source of the investment. While restoring the matter, the ITAT also kept the penalty in view, indicating that if the investment remains unexplained, the penalty could be upheld. This decision balances the need for proper assessment with the principles of natural justice.