Treatment of Revaluation Reserve

No, In my opinion nd whichevr in my knowledge I think this is not proper presentation of P&L in Balance Sheet as per AS.

Yes we can do it if there r other free reserves but Revaluation Reserve is not in free reserve so Debit balance of P&L must be shown in Assets side in Balance Sheet.

Thnks Shripal.... ya i also think dis is not the right presentation...its like setting off accumulated losses from revaluation reserve which we cannot do.