Assessee engaged in financing housing and urban development projects claimed grants-in-aid expenditure as business expenditure. Assessing Officer disallowed the claim. Since the assessee’s business consisted of financing housing and urban development projects, expenditure incurred by way of grants-in-aid contributed to the promotion of its business activities. Following earlier orders in assessee’s own case, such expenditure was allowable as a business deduction under section 37(1). (AY. 2012-13, 2014-15, 2015-16)