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Income Tax Dept. Visits Dr Pawan Munjal’s Home & Office

The Income Tax Department paid visits to the office and residence of Dr Pawan Munjal - Chairman and Managing Director, as well as other top officials at Hero MotoCorp, on Wednesday morning. The world’s largest two-wheeler maker by volume, Hero MotoCorp clarified in a statement that the visit was part of a "routine inquiry" and isn't uncommon before the end of the financial year. The company further went on to iterate that it's "business as usual" for the company. I-T officials visit the two offices in Delhi and Gurugram respectively, while reports suggest that several locations in North India linked to top Hero officials were also searched. In its statement, Hero MotoCorp said, “We at Hero MotoCorp are an ethical and law-abiding corporate, and maintain the highest standards of impeccable corporate governance.” The manufacturer said it was extending full cooperation to the authorities.

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