'Abdullah bin Abbas (may Allah be pleased with them) says that the Messenger of Allah (peace and blessings of Allah be upon him) said: "An evil example is not suitable for us; the one who takes back a gift is like a dog that vomits and then licks it." 1.

‘Abdullah bin ‘Umar and Ibn ‘Abbas (may Allah be pleased with them) narrated that the Prophet (peace and blessings of Allah be upon him) said:“It is not permissible for anyone to give a gift and then take it back, except for a father who gives something to his son.” Imam Tirmidhi says:
1- The hadith of Ibn ‘Abbas (may Allah be pleased with them both) is Hasan Sahih.
2- Some of the people of knowledge among the Companions and others have acted upon this hadith. They say that if someone gives something as a gift to a close relative (mahram), then he does not have the right to take it back, but if he gives something as a gift to someone who is not a close relative (non-mahram), then it is permissible for him to take it back if he has not received compensation for it. This is also the saying of Thawri.
3- And Shafi’i says: It is not permissible for anyone to give a gift and then take it back, except for a father who gives something to his son. Shafi’i has used as evidence the hadith of ‘Abdullah bin ‘Umar (may Allah be pleased with them both), which he narrated from the Prophet (peace and blessings of Allah be upon him), that he said:“It is not permissible for anyone to give a gift and then take it back, except for a father who gives something to his son.”