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2020 (2) TMI 1220 - AT - Income TaxAddition of reversal of excise duty u/s 43B - HELD THAT:- The amount of the provision for the excise duty reversed in the year under consideration has already been suffered to tax in the immediate preceding assessment year. The assessee has been following this practice consistently and the same was allowed by the Ld. CIT (A) in the immediate preceding assessment year. This fact can be verified from the order of the Ld. CIT-A for the assessment year 2009-10 which is placed on page no. 131 of the paper book. In view of the above, we hold that the assessee is entitled for the deduction of the impugned excise duty reversed in the year under consideration. Accordingly we set aside the finding of the Ld. CIT-A and direct the AO to delete the addition made by him. Hence the ground of appeal of the assessee is allowed.
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