gift is valid. The donors have
every right to reserve the right to cancel the gift deed on
certain conditions. Even if this defendant ... absolute transfer notwithstanding any
conditions that has been mentioned in the said conditional
gift deed EX.P2. From the conduct of the said Muniyallamma
delivery of possession of the property and it was a conditional gift of
maintaining the deceased K.V.G. Murthy and as the promise ... execution of a registered gift deed,
acceptance of the gift and delivery of the property, together make the gift
complete".
16. But, in fact
which case, there is no question of donor continuing after the gift to an ostensible owner...."
(iii) 2009 (5) CTC 558 ( S.Ganesan v. Bharathirajan ... gift deed is a absolute one and it is not a conditional gift deed, the plaintiff gets absolute title under the said gift deed - Once
gift
deed. The conditions could not be fulfiled due to reasons beyond
control of the University. The conditions in the gift deed are
invalid ... absolute gift but it is a gift made subject to conditions. The
learned Counsel argued that when a gift is made subject
lure the customers over
phone by telling that you won the
gift come to their hotel and collect the git. Op2 executive came ... acknowledged for the terms and conditions but also on the
very form 32A appended to the gift deed.
In the circumstances
assessment proceedings to establish the genuineness of the
aforesaid gifts such as;
(a) Details of gift giving name and address of Donor, etc.
(b) Copy ... gifts were furnished before the AO to
establish the genuineness of gift and creditworthiness of the donor. That assessee
furnished confirmation of gift from
gift.
7. The learned counsel for the assessee submitted that as per
Sec.122 & 123 of the Transfer of Property Act, 1882, a gift ... said that even if the assessee is said to have gifted the property, the gift
is complete.
8. Having heard both the parties and having
Mathai Samuel & Ors vs Eapen Eapen (Dead) By Lrs. & Ors on 21 November
