Interest exp can't be disallowed

Interest exp. of assessee can't be disallowed on plea of 'loan to subsidiary from interest bearing funds' if assessee has huge surplus funds

Where profit earned by assessee before depreciation was more than total interest free advance given to its subsidiary and group companies, it would not be said that same were given out of interest bearing funds available to it, and interest on borrowings would not be disallowed on account of said interest free advances made