Tax liablity

ABC company (proprietor) has given an inter-corporate deposit (ICD) to XYZ company for business purposes. Later the amount could not be refunded by XYZ company (pvt ltd) and hence the same was written off by ABC company. Now, is this loan amount, which is written off, taxable in the hands of XYZ company. If yes under what head and under what section of Income Tax Act. Does it make any difference if the ICD is taken for acquiring a capital asset?