The Assessing Officer treated ₹30 lakh received from Goel Medicos as unexplained money under Section 69A, despite the assessee’s contention that it represented an unsecured loan received through normal banking channels. Accordingly, the addition of ₹30 lakh under Section 69A was deleted, though the reassessment itself was upheld. Hence, the AO added an amount of Rs.30 lakh as income u/s 69A of the Act and also initiated proceedings u/s 271(1)(c) for concealment of income. 18,45,010/- from Salary as well as interest income from Income from Other Sources. of Employee State Insurance Corporation, New Delhi that the assessee had received an amount of Rs.30 lakh as loan from Smt.