https://www.taxtmi.com/caselaws?id=277518 A gift of immovable property under the Transfer of Property Act, 1882 is complete when executed by a registered instrument, properly attested, and accepted by the donee during the donor's lifetime. Delivery of possession is not an additional requirement for validity. A donor may reserve possession or enjoyment for life and still validly transfer title and ownership, provided the gift is otherwise complete and accepted. The earlier authority relied upon was distinguished because it involved a conditional instrument and lack of acceptance. Reservation of a life interest, by itself, does not invalidate the gift. en-us Thu, 17 Jul 2014 00:00:00 +0530 Thu, 06 Dec 2018 18:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277518 A gift of immovable property under the Transfer of Property Act, 1882 is complete when executed by a registered instrument, properly attested, and accepted by the donee during the donor's lifetime. Delivery of possession is not an additional requirement for validity. A donor may reserve possession or enjoyment for life and still validly transfer title and ownership, provided the gift is otherwise complete and accepted. The earlier authority relied upon was distinguished because it involved a conditional instrument and lack of acceptance. Reservation of a life interest, by itself, does not invalidate the gift. Case-Laws Indian Laws Thu, 17 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277518