Tory bullshit compounded with age, that cannot be denied (10,5)

I believe the answer is:

absolutely right

'that cannot be denied' is the definition.

'tory bullshit compounded with age' is the wordplay.
'compounded with' is an anagram indicator.
'tory'+'bullshit'='torybullshit'
'torybullshit' with its letters mixed up with 'age' gives 'ABSOLUTELY RIGHT'.

I've seen this clue in The Independent.

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