Income tax tribunal quashes ₹2,337 cr tax demand against Hero MotoCorp
Hero MotoCorp had filed an appeal against the income tax demand which pertained to re-assessment proceedings.
Hero MotoCorp had filed an appeal against the income tax demand which pertained to re-assessment proceedings.
Hero MotoCorp says it will file appeals against the orders with appellate authorities including filing of rectification applications.
Following the report, Hero MotoCorp shares dipped more than 7% on Tuesday hitting an intraday low of ₹2,155, before closing at ₹2,208.35.