https://www.taxtmi.com/caselaws?id=22498 A no-objection certificate under section 230A of the Income-tax Act was required only for transfers where the property value exceeded the statutory threshold of Rs. 2 lakhs. The property value had to be determined first by the Sub-Registrar on the basis of the circle rates fixed by the Collector concerned, and the certificate could be insisted upon only if that valuation crossed the threshold. Where the assessed value did not exceed the limit, insistence on the certificate was not permitted. en-us Tue, 23 Apr 1991 00:00:00 +0530 Thu, 10 Dec 2009 16:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22498 A no-objection certificate under section 230A of the Income-tax Act was required only for transfers where the property value exceeded the statutory threshold of Rs. 2 lakhs. The property value had to be determined first by the Sub-Registrar on the basis of the circle rates fixed by the Collector concerned, and the certificate could be insisted upon only if that valuation crossed the threshold. Where the assessed value did not exceed the limit, insistence on the certificate was not permitted. Case-Laws Income Tax Tue, 23 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22498