Section 10 - Insertion of new section 230A - Direct Taxes (Amendment) Act, 1964

10. Insertion of new section 230A. After section 230 of the Income-tax Act, the following section shall be inserted, namely: 230A. Restrictions on registration of transfers of immovable property in certain cases. (1) Notwithstanding anything contained in any other law for, the time being in force, where any document required to be registered under the provisions of clause (a) to clause (e) of sub-section (1) of section 17 of the Indian Registration Act, 1908, (16 of 1908) purports to transfer, assign, limit or extinguish the right, title or interest of any person to or in any property (other than agricultural land) valued at more than fifty thousand rupees, no registering officer appointed under that Act shall register any such document, unless the Income-tax Officer certifies that (a) such person has either paid or made satisfactory provision for payment of all existing liabilities under this Act, the Excess Profits Tax Act, 1940, (15 of 1940) the Business Profits Tax Act, 1947, (21 of 1947) the Indian Income-tax Act, 1922, (11 of 1922) the Wealth-tax Act, 1957, (27 of 1957) the Expenditure-tax Act, 1957, (29 of 1957) and the Gift-tax Act, 1958, (18 of 1958) or (b) the registration of the document will not prejudicially affect the recovery of any existing liability under any of the aforesaid Acts. (2) The application for the certificate required under sub-section (1) shall be made by the person referred to in that sub-section and shall be in such form and shall contain such particulars as may be prescribed. .