You are here: Home » Companies » News » Automobile
Ind-Ra upgrades Vedanta's long-term issuer rating to 'AA'; outlook stable
IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt
Business Standard

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Topics
Hero MotoCorp | Income Tax department | Auto sector

BS Reporter 



Hero Motorcorp
Photo: Hero Motorcorp twitter handle

The income tax (I-T) department is learnt to have found that two-wheeler maker made over Rs 1,000 crore in ‘bogus’ expenses and an unexplained cash transaction of Rs 100 crore involving a property allegedly owned by a promoter of the company.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, March 30 2022. 00:02 IST


.