S. 80G registration can be rejected for conducting Bhagwat Katha

S. 80G registration can be rejected for conducting Bhagwat Katha if expense exceeds 5% of income  The assessee-trust registered under section 12A and also approved under section 80G(5) was found to have more then 3/4th of  of its total receipt for organizing ‘Bhagwat Katha’; section 80G(5B) limits expenditure on activities of religious nature to 5% of income for year; since expenditure in instant case exceeded 5% and violated section 80G(5B), approval under section 80G was withdrawn with observation that Bhagawat Katha is religious notwithstanding its public character and being o...