Transfer of immovable property from huf to its member

1. In normal conditions HUF cannot gift any asset to any of its members........

2. HUF can sell/transfer its property to anyone including its member, but that would be not feasible in your case....

3. Partial partition  or complete dissolution of HUF seems to be option available, for that you may contact any local tax expert or CA for its complete analysis....

4. OR Some pvt. financers provide LAP   ....... better check that option..

Allotment of any single property without partial/complete dissolution of HUF not permitted.....

Dear Sir, We are ready to do full Partition/Dissolution of HUF, but please confirm that - in that Partition deed can we allot full property to My father and all other can relinquishment their share in his name without any consideration (HUF has only one property in its name and no other movable or immoveable assets or income). what will be tax implication on each member.  

Yes, At the time of dissolution of HUF................ the co-parcener/s can give up his/their rights in HUF property in favour of any other member/s of the HUF by registered relinquishment deed......... without any tax liability over any of them.

Super.......... great tips thanks for sharing it.

Under income Tax there will be no tax liability if partial or complete unequal partition is effected. To save stamp duty if other assets like gold ornaments with house property is partitioned among the members then value of larger portion will be excluded for stamp duty purpose.