Meaning of tax terms

Meaning of “By means of”

Posted on by Prashant Thakur

Case Name : M.Ct.M. Chidambaram chettiar Vs. CIT

Citation : [1966] 60 ITR 28 (sc)

Court : Supreme court

Section : 93

Meaning : The words ‘by means of a transfer of assets’ mean nothing more than ‘as a result or by virtue or in consequence of the transfer’.

Case Name : Congreve Vs. IRC

Citation : [1948] 16 ITR (suppl.) 107 (Hl)

Court :

Section : 93

Meaning : In their ordinary grammatical sense, the words ‘by means of’ do not connote any personal activity on the part of the person who is said to enjoy or suffer something by those means.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

Leave a Reply