Gift Deed cannot be cancelled unless it is a conditional Gift. Once gift is made by donor and accepted by donee the gift is complete. The title to the property passes on the donee . Donor cannot unilaterally cancel the gift. It has to be done only with the consent of donee
Once a gift is complete, the same cannot be rescinded. For any reason whatsoever, the subsequent conduct of a donee cannot be a ground for rescission of a valid gift.
Even though you can challenge the registered deed on the following grounds:
1.Coercion- That the executant had been coerced into executing the deed through an act that is prohibited by the Indian Penal Code 1860 or a threat thereof
2.Fraud- That the executant had been defrauded into executing the deed by:
•Being led to believe as true, something which the person deceiving knows is false.
•Actively concealing a material fact
•Making a promise without intention to perform
•Any other deception or any act statutorily declared as fraudulent.