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2012 (3) TMI 168 - AT - Income TaxA society formed for advancement of music, other fine arts and traditional arts - assessee applied for renewal of its approval under Section 80G of the Act - Assessee registered under Section 12AA - The Department contented receipts of the assessee from sponsorship fees, sale of tickets and music coaching was in excess of Rs. 10 lakhs and application for renewal of approval under Section 80G of the Act rejected - Held that :- assessee's object was development of music and other fine arts based on Indian culture and assessee was not carrying on any trade, commerce or business, when it was collecting fees from persons who were attending the programmes - denial of renewal of application under Section 80G of the Act, when its registration under Section 12AA of the Act was intact, was unjustified [Mylapore Fine Arts Club v. Dy. DIT(E) in I.T. Appeal No. 1706/Mds/2010 ] - advancement of traditional musical culture of Tamil Nadu and conducting music programmes sponsored by various persons and sponsorship fee so received, distributed among the artists, can never be considered as an activity in the nature of trade, commerce or business - assessee was eligible for renewal of approval under Section 80G of the Act - appeal filed by the assessee is allowed.
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