State any three conditions, which must be satisfied in order to attract Section 69A of the Income Tax Act, 1961 regarding unexplained money.

In order to satisfy the condition for cash credit under section 69A of the Income tax Act, 1961, following conditions must be satisfied: a. The assessee must be found to be the owner of any money, bullion, jewellery or other valuable article. b. Such money, bullion, jewellery or valuable article is/are not recorded in the books of account, if any, maintained by him for any source of income. c. The assessee offers no explanation about the nature and source of acquisition of the money, bullion, jewellery or other valuable article, d. In case the assessee provides explanation, the same offered by him is not, in the opinion of the Assessing Officer, satisfactory.