Disallowance cannot be made u/s 14A , if borrowed funds not been used for making investments

During the year only an amount of 4 lakh was invested out of the total investment of 3.39 crores. In the earlier years the assessment of the assessee  were completed u/s 143(3) and the AO did not make any dis allowance u/s 14A. The term loan taken by the assessee was for specific purposes and it cannot be alleged without proof that the term loan granted by the bank for specific purposes, were diverted for purposes other than for which it was granted. In fact during the year there is a decrease in the borrowed funds from, Rs. 23.45 crore to Rs. 22.35 crores. Thus we have to uphold the finding ...