WORSHIPFUL COMPANY OF MASTER MARINERS v. COMMISSIONERS OF INLAND REVENUE.

(1932) 43 Ll L Rep 344

KING'S BENCH DIVISION.

Before Mr. Justice Finlay.

Revenue - Income tax - Exemption - Charitable purposes - Worshipful Company of Master Mariners-Objects of company-Construction-Right of company to exemption from tax- Whether company established for charitable purposes only-Income Tax Act, 1918, Sect. 37-Held, that as the company could, consistently with its charter, engage in non-charitable purposes, it was not entitled to the relief claimed.