https://www.taxtmi.com/caselaws?id=24764 Section 230A of the Income-tax Act, 1961 requires the valuation threshold to be tested against the specific right, title or interest actually transferred, not the value of the entire property. Where only an undivided fractional share is released or relinquished, the statutory limit applies only to that share. On that basis, the 3/40th interest transferred was below the prescribed limit, so an income-tax clearance certificate could not be insisted upon. The refusal to register the release deed was therefore unsustainable, and registration had to proceed without requiring the certificate. en-us Thu, 08 Oct 1987 00:00:00 +0530 Fri, 22 Jan 2010 12:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24764 Section 230A of the Income-tax Act, 1961 requires the valuation threshold to be tested against the specific right, title or interest actually transferred, not the value of the entire property. Where only an undivided fractional share is released or relinquished, the statutory limit applies only to that share. On that basis, the 3/40th interest transferred was below the prescribed limit, so an income-tax clearance certificate could not be insisted upon. The refusal to register the release deed was therefore unsustainable, and registration had to proceed without requiring the certificate. Case-Laws Income Tax Thu, 08 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24764