Tribunal  held that the assessee had demonstrated that interest-free funds available to the assessee for making investment were more than interest-bearing funds utilised for investment in earning tax-free income. For application of rule 8D(2), disallowance of expenditure to be considered should be net of interest, i. e., interest paid minus interest received. When the assessee has sufficient interest free funds presumption that investment and advances were made  out of such funds and no interest should be disallowed. (AY. 2014-15)