Specific Grounds on which Gift can be Revoked

Gift cannot be revoked normally

A valid gift, which cannot normally be revoked, can be revoked under specified eventualities enumerated in Section 126 of the Transfer of Property Act 1882, says the Supreme Court (SC) in Tajuddin v Tamil Nadu Khadi and Village Industries Board (2024 (6) KLT SN 14 SC].

A gift can be revoked under the following three grounds

There are three circumstances under which a gift can be revoked. They are as follows: –

1. When the donor and done agree for the revocation of the gift deed on the happening of any specified event, which does not depend on the will of the donor.
2. On the agreement of the parties, a gift is revocable wholly or in part.
3. When the gift is in the form of a contract which can be rescinded.