Power to write off losses

The Board shall be competent to write off losses up to Rs. 500 in individual cases and not exceeding Rs. 5,000 in the aggregate in any financial year in cases falling under any or all of the following categories :–– (a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other causes ; (b) loss of irrecoverable advance other than loans ; and (c) deficiency and depreciation in the value of stores.