Case Law Details
Case Name : M/s. Shiv Ratan Rathi Foundation Vs. The CIT (ITAT Jaipur)
Related Assessment Year :
Courts :
All ITAT ITAT Jaipur
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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for year; since expenditure in instant case exceeded 5% and violated section 80G(5B), approval under section 80G was withdrawn with observat
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