Amendment of section 115JA

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..... y,—" the following shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1998, namely:— "(g) the amount or amounts set aside as provision for diminution in the value of any asset, if any amount referred to in clauses (a) to (g) is debited to the profit and loss account, and as reduced by,—". - Clause 43 of the Bill seeks to amend section 115JA o .....

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..... Schedule VI to the Companies Act, 1956 as increased or reduced by certain adjustments, as specified in the said section. It is proposed to amend the said section so as to provide that any provision for diminution in the value of any asset will also be included in the computation of book profit under the said section. This amendment will take effect retrospectively from 1st April, 1998 and will, .....

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