Setting off of ICD against business income

We are in Tea business. 4 years back, we had provided ICD to one Company in the similar business and would receive interest. Subsequently we bought Tea Garden of that borrower Company but they stopped repayments of inter Corporate deposit/ loan. Can we set off outstanding ICD against own business income. We are unlike NBFC and not generally give ICD to other Corporate. 

Kindly advise with case laws,AS. TAX Tribunal judgment,  if possible. 

Thanks in advsnce