Music Academy Madras, Chennai vs Assessee on 22 April, 2016
आयकर अपील
य अ धकरण, 'ए' यायपीठ, चे नई
IN THE INCOME ... 2015
नधा'रण वष' / Assessment Year : 2010-11
The Music Academy Madras, The Deputy Director of Income
challenged the disallowance of
Rs. 1.25 Crores for setting up of Music Academy holding it to
be capital expenditure. Brief facts of this issue ... given to an independent organization for development and
construction of a Music Academy. The assessee is not owner
of the same and it was merely
holding a Master's degree in Music, had planned to run a Music Academy from the purchased office space, while the Complainant ... having qualification of Masters in Music and wants to run a music academy for music aspirants whereas complainant No. 1 has got experience in administration
Sopori Academy Of Music And Performing ... vs Ito (Exemptions), New Delhi on 10 March, 2017
ITA No. 6188/Del./2016
Assessment Year ... MEMBER
ITA No. 6188/Del./2016
Assessment Year: 2010-11
Sopori Academy of Music and Vs. ITO (Exemptions)
performing Arts Trust Ward
which was given to Pt. Jasraj Music Academy Trust as
contribution for CSR activities and since both these trusts are approved and are
eligible ... also made payment of Rs. 10 Lakhs to Pt. Jashraj Music
Academy Trust which is found placed at page 22 & 23 and the approval
having
qualification of Masters of Music and planned to run a music academy
for music aspirants along with complainant No.1; who has experience ... having
qualification of Masters in Music and wants to run a music academy
for music aspirants whereas complainant No.1 has got experience in
administration
application. Referring to the order
of this Tribunal in The Music Academy Madras Vs. The Deputy Director of
Income Tax in ITA No.1098 ... that in view of the
order of this Tribunal in The Music Academy Madras (supra), the issue is
covered against the assessee
Apart from this, this Tribunal in the case of Music Academy
Madras v. DDIT(E) in I.T.A. No. 1098/Mds/2015 dated ... fact, this Tribunal observed in Music Academy Madras
(supra) as follows:-
"9. Income-tax Act provides for procedure and method
for computing income under
used in charitable activity
was examined by this Tribunal in Music Academy Madras v.
DDIT(E) in I.T.A. No. 1098/Mds/2015 dated
coordinate bench of Tribunal at Chennai in the case of The Music Academy Madras
Vs. Dy. DIT(E) in ITA No.1098/Mds/2015 dated ... ordinate Bench of this Tribunal in the
case of The Music Academy Madras (supra) relied upon by the Ld. CIT(A) is no longer
good
