Truth And Myth About Do-Follow And No-Follow Links

I just got a question from Noah a blogger from United Kingdom asking me a really sensible and interesting question which I like to answer. He asks that he notices the links which are no-follow in nature are being displayed as links to his pages and homepages in Google webmaster tools and how come Google notices those links?
Its a very good question from my point of view and I would like to remove some general myth which is believed to be true among most webmasters across the globe. Myth no-follow links won’t be noticed or taken in to consideration as a back link or inbound links to your site.

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