Ancestral Property of HUF can be Gifted only for a Pious Purpose and not as a Gift, Rules Supreme Court

The Apex Court has held that a deed of gift regarding the ancestral property of a Hindu Undivided Family which is executed out of love will not come under the scope of the term pious purpose. The Bench of Justices S Abdul Nazeer and Krishna Murari a Hindu father or a managing member of the

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