9911796707
TMI Blog1927 (12) TMI 1X X X X Extracts X X X X X X X X Extracts X X X X ..... The assessee in this case is the Dibrugarh District Club, Limited, which is a company limited by shares incorporated under the Indian Companies Act of 1882. I shall refer to it as the Company and I shall not refer to it as the Club for the reason that by the terms of its regulations the word Club is reserved for a different body. The main objects of the Company are to maintain and c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s affecting the financial position of the company. It will be seen therefore that membership of the club is quite a different thing from membership of the company which involved the ownership of a share or shares. Article 12 of the Company s articles of association provides that No shareholder as such shall be entitled to use the company's club premises, or enjoy the accommodation pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ogical and consistent on this point may be a question: apparently a member's subscription and the amount of his club bills are payable by him to the club: how and on what account the company becomes entitled to get money from the club or from a member is not clear). The following facts are stated by the Commissioner of Income-tax as showing the position in 1926. The number of sharehol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e-that the club does no business with and makes no profit on dealings with non-members; that the members of the club and shareholders are the same save in 13 instances and in these instances the shareholders were at one time members or relations of members. These statements are confused and erroneous. The company dealt in 1926 with 220 members of the Club who were not shareholders, i.e., ..... X X X X Extracts X X X X X X X X Extracts X X X X
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