Tag: Hero MotoCorp tax probe

NEW DELHI: Income tax authorities are investigating motorcycle maker Hero MotoCorp's relationship with a vendor suspected of reporting about 900 million rupees ($11 million) in false expenditure, two sources familiar with the matter told Reuters.Based on the alleged fake spending by vendor Salt Experiences, Hero MotoCorp received a tax credit, leading to suspected tax evasion of about 160 million rupees, one of the two sources said, speaking on condition of anonymity.A spokesperson for Hero MotoCorp said "there is no ongoing investigation against" the company on the matter, but...