The Tribunal after discussing the decision the following case laws Reliance Utilities & Power Ltd(2009 )313 ITR 340 ( Bom) (HC) High Court in the case of JCIT v. Beekay Engineering Corporation (2010) 325 ITR 384( Chhattisgarh) (HC) and PCIT v. Sintex Industries Ltd. (Guj) (HC) (ITA No.291 of 2017  dt. 04.05.2017) held that no disallowance of interest can be made as the assessee had sufficient own funds and free reserves. However, considering the huge investments, 2% of the dividend income should be disallowed towards administrative expenses.(AY. 2011-12)