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Bench: Shri George George K. & Shri B.R. Baskaranassessment Year:2009-10
43(5) of the Act." 4.1 Following the above said decision, we hold that the loss arising on revaluation of forward contracts cannot be considered as unascertained liability. Accordingly, we set aside the order passed by Ld CIT(A) on this issue and direct the AO to delete the addition made to the Net profit while computing book profit