Amendment of section 115JB.

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....)  for the portion beginning with the words "Every assessee," and ending with the words and figures "the Companies Act, 1956 (1 of 1956):", the following shall be substituted, namely:- "Every assessee,-                 (a) being a company, other than a company referred to in clause (b), shall, for the purposes of....

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.... to the profit and loss account, and as reduced by,-", the following shall be substituted, namely:-                "(j) the amount standing in revaluation reserve relating to revalued asset on the retirement or disposal of such asset, if any amount referred to in clauses (a) to (i) is debited to the profit and loss account....