Held that no fresh investment had been made by assessee during year under consideration and no interest expenditure had been incurred on account of investment in shares Matter was  remanded  to Assessing Officer to go through funds position namely capital and interest free advances, reserves and surplus to determine whether any borrowed funds had been utilized more than available own funds and if sufficient own funds were available, no disallowance was called for.  (AY. 2011-12)