Transfer of Property
Act, 1882 defines „Gift‟ as under"-
"122. "Gift" defined. - "Gift" is the transfer of certain existing ... Bench),
learned single Judge has held that a gift would be a valid gift if
the gift has been accepted even though the document
cancellation or revocation of gift. The Gift Tax Act , is silent on the revocation of gift and if, gift is made, whether ... gift cannot be revoked." A gift is a transfer of property and when an absolute gift is made, subject to a condition restricting alienation
moreover, is nothing but a gift and a condition ; and the condition is invalid ; but a gift is not rendered null by involving an invalid ... condition, and the condition being repugnant to the gift, the gift is absolute, but the condition is void.
Again at p. 122 :-
When a gift
existence of a condition of
provision of basic amenities or basic physical need is not present as a
condition for making gift, the jurisdiction under ... relevant extract of the Gift
deed, it is evident that the Gift deed does not contain any
condition that the transferee, namely, the appellant shall
existence of a condition of
provision of basic amenities or basic physical need is not present as a
condition for making gift, the jurisdiction under ... relevant extract of the Gift
deed, it is evident that the Gift deed does not contain any
condition that the transferee, namely, the appellant shall
existence of a condition of
provision of basic amenities or basic physical need is not present as a
condition for making gift, the jurisdiction under ... relevant extract of the Gift
deed, it is evident that the Gift deed does not contain any
condition that the transferee, namely, the appellant shall
defines "Gift" as under:
"122. "Gift" defined. "Gift" is the
transfer of certain existing moveable or
immoveable property ... conditions
of the gift, the gift is revocable. What has been
alleged in the plaint that the purpose of gift has came
gift, both the gift and the conditions are valid. In practice, there is no difference whether the gift depends on the condition attached, or whether ... gift must be held to be complete. It being not a contingent gift or a gift of a life interest or gift of property
part deals with gifts of immovable property while
the second part deals with gifts of movable property. Insofar as the gifts of
immovable property ... gift was succinctly
stated in following terms:
"The well settled legal position, based on authorities, is that a gift, subject to
the condition that
happen. Such a condition is called a condition subsequent which makes the interest created by the gift defeasible by the happening or not happening ... dealing with the gift, can be taken note of while interpreting the present gift.
22. In the present case the gift deed
