Hi,
I have a query on gift deed.
Suppose person X gifts self earned property to son/daughter and subsequently son/daughter decide to mutually revert back the property to person X is it permitted.
Also, if son/daughter has incurred expenses on the property during the period of holding the gifted property title, will they be able to legally bind the person X to refund such expenses in case of any sale transaction is initiated on the peroperty after returning the gift deed.
Thanks
