New Delhi, March 11 -- Senior citizens increasingly find themselves in court, fighting to reclaim homes they once "gifted" to their children or daughters-in-law, while heirs insist that "a gift is forever".
Under the Transfer of Property Act, 1882, a gift is generally irrevocable unless it carries a valid, agreed contingency for revocation under Section 126. Recent Supreme Court rulings confirm that if a gift deed is absolute and doesn't include a revocation clause, the donor (the person gifting) cannot cancel it on their own. However, heirs often mistakenly assume that once a gift is registered, the parents have signed away their rights forever, which isn't the case.
Under Section 23 of the Maintenance and Welfare of Parents and Senior...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.