If an entity revalues its land upward and this is the first time revaluation is being done, how is the increase treated under Ind AS 16?

Under Ind AS 16 (Property, Plant and Equipment), when an asset's carrying amount is increased as a result of a revaluation, the increase must be recognised in Other Comprehensive Income (OCI) and accumulated in equity under the heading of revaluation surplus.  ·        Initial Revaluation: If it is the first time the asset is being revalued and it results in an upward movement, it cannot be taken to the P&L because it is an unrealised gain. ·        Exception: The only time an upward revaluation is recognised in Profit or Loss is if it reverses a revaluation decrease of the same asset previously recognised in Profit or Loss.