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of <h1>Board Approves Writing Off Unrecoverable Annuity Deposits Like Income-Tax Arrears; Authority Levels Defined for Various Amounts.</h1> The Board has determined that arrears of annuity deposits deemed irrecoverable can be written off similarly to income-tax arrears. The procedure for writing off income-tax arrears applies to annuity deposits, with authority levels specified for different amounts. The Full Board, with ministerial approval, can write off amounts above Rs. 50 lakhs, while lower amounts are delegated to specific authorities. The aggregate of annuity deposits and income-tax arrears will determine the limits for writing off. Cases previously kept pending due to procedural finalization need not be reconsidered unless the combined arrears exceed Rs. 10 lakhs.
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