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You have neglected motion of the medium. That is not a problem
with light; there is no medium. With sound there is a medium.
It was precisely this difference that led to the formulation
of the special theory of relativity (or SRT if you're left-
handed).
Leigh
I would add only few words to the last sentence:
"It was precisely this difference [in regard to mutual motion of a magnet
and conducting loop] that led to the formulation of the special theory of
relativity [although the latter is often presented in textbooks as
following zero result in Michelson-Morli experiment]."