https://www.taxtmi.com/caselaws?id=181030 A gift deed must be construed as a whole to ascertain the donor's intention from its language and surrounding circumstances, and a recital cannot be read in isolation. On that construction, the deed did not confer an absolute exclusive right on the appellant; it preserved joint enjoyment for the appellant and later-born male children of the donor's brother. The stipulation in favour of persons not yet in existence was not invalid under the Transfer of Property Act, because a future interest may vest on birth where the transfer so provides and no prohibited successive interest is created. The challenge to the unborn beneficiaries' interest therefore failed. en-us Fri, 19 Dec 2003 00:00:00 +0530 Wed, 06 Apr 2016 10:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181030 A gift deed must be construed as a whole to ascertain the donor's intention from its language and surrounding circumstances, and a recital cannot be read in isolation. On that construction, the deed did not confer an absolute exclusive right on the appellant; it preserved joint enjoyment for the appellant and later-born male children of the donor's brother. The stipulation in favour of persons not yet in existence was not invalid under the Transfer of Property Act, because a future interest may vest on birth where the transfer so provides and no prohibited successive interest is created. The challenge to the unborn beneficiaries' interest therefore failed. Case-Laws Indian Laws Fri, 19 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181030