Setting off of ICD against business income

A tea business is seeking advice on whether they can offset an outstanding Inter Corporate Deposit (ICD) against their business income. The ICD was provided to a company from which they later purchased a tea garden, but the borrower subsequently defaulted on repayments. The user is asking for guidance on accounting standards, specifically Indian Accounting Standards (Ind AS), and any relevant case law or Tax Tribunal judgments to support offsetting the ICD against their own business income, noting their business is not primarily lending.