Indian Institute of Petroleum and Energy, 2018
23. Gifts to the Institute.
- Gift acceptance, Gift processing, Donor rights, Management of funds, Government matching grant, Gift
circumstances, and other
recitals of the Gift Deed it goes to very clear that the gift was
accepted by the Donee.
14. According ... show that practically the plaintiff
has accepted the gift. Of course, gift was accepted on behalf
of the plaintiff by Defendant No.1 as natural
gift thereby making the gift incomplete. This Court, further, held that the donor cancelled the gift within a month of the gift and subsequently executed ... gift deed that Motilal Gopalji gifted the property to the respondent. In other words, it was a conditional gift. There is no recital of acceptance
officer employee shall accept or permit any member of his family or any person acting on his behalf to accept any gift.
Explanation: The expression ... gifts without the sanction of the competent authority if the value of the gifts exceeds Rs. 75/-.
Provided that when more than one gift
post the search, the respondent/assessee had again confessed and
accepted that the gifts were bogus and should be considered as undisclosed
income ... Respondent/assessee with this unaccounted turnover could have bought the
gifts as was accepted by him on two occasions. Interestingly, the
respondent/assessee to justify
gifts"
5. Absence of gift deed; Para 38 of the
order observes there is no such legal
requirement for making a gift ... said that
these amounts are not gifts merely on the
basis that there are no gift deeds or
acceptance.
6. Ability of a company
gift; an oral gift
fulfilling all the three essentials make the gift complete and irrevocable.
However, the donor may record the transaction of gift ... three essential requisites to make a gift valid
: (1) declaration of the gift by the donor: (2) acceptance of the gift by the
donee expressly
regarding the gift is very clear. Section 122 of the Transfer of Property Act reads as follows:
"Gift" defined--"Gift ... called the donee, and accepted by or on behalf of the donee."
Acceptance when to be made.--Such acceptance must be made during
dated 27.09.1993 (Ex.A2) can be held to have validly accepted the gift.
13. I have examined the contents of the settlement deed ... another, called the donee, and accepted by or on behalf of the donee.
Acceptance when to be made - Such acceptance must be made during
misplace or
stolen is not accepted, and also it is not accepted that her
mother handed over the gift deed to anybody. On the basis ... essentials of a gift under Mohammedan law are
under.
a. A declaration of gift by the donor
b. An acceptance of the gift, express
