Power of Board 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 or all of the following categories: (a) loss of irrecoverable value of stores or of public money due to theft, fraud or such other cause; (b) loss or irrecoverable advance other than loans and; (c) deficiency and depreciation in the value of stores.