Revaluation reserve credited

Revaluation reserve credited/ debited to other comprehensive income shall not be adjusted in the book profit in the year in which it is credited or debited. Rather in terms
of second proviso, it shall be added in the book profit of the previous year in which the asset is retired, disposed, realised or otherwise transferred, by the amount or the aggregate of the amount credited/ debited to other comprehensive income for the previous year or any of the preceding previous years and relatable to such asset.

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