Held that the assessee had not incurred said expenditure under any statute but under a CSR policy as per MoU signed with its nodal Ministry and said expenditure was for direct benefit not only of employees and workers but also for business activities, expenditure was allowable as business expenditure. (AY. 2011-12)
Security Printing & Minting Corporation of India Ltd. v. ACIT (2022) 194 ITD 641 (Delhi)(Trib.)
S. 37(1) : Business expenditure-Expenditure under (CSR)-Capital or revenue-Allowable as business expenditure.