Dismissing the appeal of the revenue  the Court held that the Tribunal has  found that the assessee had sufficient own funds which are several times more than the investments made by the assessee and hence it can be concluded that the borrowed funds have not been utilised for the purpose of making investments. Based on such factual position, the Tribunal has rightly held that the AO could not have invoked Rule 8D(2)(ii) of the Income-tax Rules in the present case (AY 2008-09).