Hero MotoCorp Raided, So Is Home Of Promoter Pawan Munjal

Wednesday, 23 March 2022newsdesk
Hero MotoCorp Raided, So Is Home Of Promoter Pawan Munjal
The Income Tax Department is conducting searches on several premises linked to Hero MotoCorp Chairman Pawan Munjal and other senior executives of the company for suspected tax evasion.

New Delhi, 23 March 2022

As per news report of NDTV, Offices and residential premises of Mr Munjal in Gurugram, Haryana, Delhi and few other locations are being covered, sources in the Income Tax department 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.  "The searches are being conducted at Hero MotoCorp Chairman Pawan Munjal premises. Over two dozen premises of Hero Moto Corp and its senior executives are also being searched. Search and Seizure action on suspicion of tax evasion," sources in the Income Tax department told NDTV.

Source - NDTV
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