Section 21 The Transfer of Property Act, 1882
Section 21 The Transfer of Property Act, 1882:
Contingent interest.—Where, on a transfer of property, an interest therein is created in favour of a person to take effect only on the happening of a specified uncertain event, or if a specified uncertain event shall not happen, such person thereby acquires a contingent interest in the property. Such interest becomes a vested interest, in the former case, on the happening of the event, in the latter, when the happening of the event becomes impossible.
(Exception) —Where, under a transfer of property, a person becomes entitled to an interest therein upon attaining a particular age, and the transferor also gives to him absolutely the income to arise from such interest before he reaches that age, or directs the income or so much thereof as may be necessary to be applied for his benefit, such interest is not contingent.
Supreme Court of India Important Judgments And Leading Case Law Related to Section 21 The Transfer of Property Act, 1882:
Sri Sangappa Kalyanappa Bangi vs Land Tribunal, Jamkhandi And Ors on 15 September, 1998
Harihar Prasad Singh And Another vs Must. Of Munshi Nath Prasadand on 16 January, 1956
S.B. Abdul Azeez (By Lrs.) vs M. Maniyappa Setty & Anr on 14 October, 1988
Narpatchand A. Bhandari vs Shantilal Moolshankar Jani And on 18 March, 1993
Laxmidas Bapudas Darbar And Anr vs Smt. Rudravva And Others on 27 August, 2001
Kandaswamy vs Bd. Of Management H.S.I. Said on 22 March, 2001
Dattatraya Shanker Mote & Ors vs Anand Chintaman Datar & Ors on 3 October, 1974
Dattonpant Gopalvarao Devakate vs Vithabrao Maruthirao Janagavai on 3 April, 1975
P.K. Mohanram vs B.N. Ananthachary & Ors on 15 March, 2010
Shri Lakshmi Venkateshwara vs Syeda Vajhiunnisa on 3 March, 1994
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