IT Raid on Hero Motors Chairman's Premises!!
IT raid on the home and office of hero Motors chairman Pawan Munjl. Breaking: The Income Tax Department is conducting an inspection at the home and office of Pawan Munjal, Chairman and CEO of hero Motors Corporation.
The Income Tax Department is conducting an inspection at the home and office of Pawan Munjal, Chairman and CEO of hero Motors Corporation. The investigation is reportedly underway following a complaint of tax evasion.
Authorities say the probe is based on information received by the Revenue Investigation Division that hero Motors and some senior executives were involved in tax evasion. hero declined to comment on the raid. Pawan Munjal has established branches in more than 40 countries including Asia, Africa, South America and Central America. hero Motors has 8 international standard manufacturing facilities. It has 6 manufacturing facilities in india and one manufacturing facility in bangladesh and Colombia. hero holds 50% market share in the domestic two-wheeler market.