Tribunal held that the assessee had demonstrated with evidence that loans to group companies were out of its own funds and also such loans had been given in commercial interest, therefore, AO was incorrect in disallowing proportionate interest on loans given to group companies. Assessee was holding more than 33% equity stake in company for which loans have been given and also derived commercial benefit–Therefore, AO was incorrect in holding that assessee had diverted interest bearing funds to give loans to group companies.  (AY.2011-12)