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Tax probe on Hero MotoCorp over ₹90 cr false expenditure: Report
short by Srishty Choudhury / on Wednesday, 9 August, 2023
Tax authorities are probing Hero MotoCorp's relationship with a vendor suspected of reporting about ₹90 crore in false expenditure, Reuters cited sources as saying. Based on alleged fake spending by Salt Experiences, Hero MotoCorp received a tax credit, leading to suspected tax evasion of ₹16 crore. A spokesperson said "there is no ongoing investigation against" Hero MotoCorp on the matter.
read more at Moneycontrol