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![Subsidy on Excise Duty is Capital Receipt, not Capital Investment: Delhi HC Holds No Nexus Between Excise Duty Paid & Cost of Machine [Read Order]](https://images.taxscan.in/h-upload/2026/02/16/2125648-subsidy-excise-duty-capital-receipt-capital-investment-delhi-hc-holds.webp "Subsidy on Excise Duty is Capital Receipt, not Capital Investment: Delhi HC Holds No Nexus Between Excise Duty Paid & Cost of Machine [Read Order]")
Subsidy on Excise Duty is Capital Receipt, not Capital Investment: Delhi HC Holds No Nexus Between Excise Duty Paid & Cost of Machine [Read Order]
The High Court at New Delhi decided that excise duty exemption is a capital receipt and not a subsidy on capital investment, and that there exists no...
