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I-T dept raids Hero Motorcorp premises

12:31 PM Mar 23, 2022 | PTI |

The Income Tax Department is conducting raids on multiple premises of Hero Motorcorp as part of a tax evasion investigation against the country’s largest two-wheeler automobile company, officials said Wednesday morning.

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Offices and residential premises of the promoters including chairman and CEO of the group Pawan Munjal in Gurugram, Haryana, Delhi and few other locations are being covered, they said.

A team of officials of the department are looking at financial documents and other business transactions of the company and the promoters, they said.

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