Sec. 14A of Income Tax Act, 1961—Expenditure incurred in relation to income not forming part of total income — There is no correlation between the investment made in the shares of other company with the borrowing of funds during the year. hence, CIT(A) rightly held that interest disallowed has to be restricted to the extent of funds invested in Glofin Investment & Finance during the year. - ABHINAV INTERNATIONAL P. LTD. V/s DEPUTY CIT - [2020] 82 ITR (TRIB) 258 (ITAT-DELHI)