Assessing Officer Can't Act Against Third-Party Noticee u/s 226(3) if Dispute Raised on Money Owed.

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....Recovery of dues - Notice u/s 226(3) - Once the third party noticee has disputed that he owes any money or holds any money on account of the assessee, the Assessing Officer would not have any jurisdiction to proceed further against the third party. This is also abundantly clear from the language of clause (vi) of Section 226(3) of the Act. - HC....