Quarterly Updates12 Mar 2026, 03:29 pm
Hero MotoCorp's Tax Demand Reduced from 177.96 Crore to 27 Crore in Appeal Orders
AI Summary
Hero MotoCorp Ltd. has received appeal orders from the Commissioner of Income tax (Appeals) - 29, reducing the tax demand from 177.96 crore to 27 crore for the assessment years 2013-14 to 2017-18 and 2019-20. The company plans to file appeals for the balance tax demands and applications for refunds / demand reductions as applicable.
Key Highlights
- Hero MotoCorp received appeal orders from the Commissioner of Income tax (Appeals) - 29.
- The tax demand has been reduced from 177.96 crore to 27 crore for the assessment years 2013-14 to 2017-18 and 2019-20.
- The company plans to file appeals for the balance tax demands.
- Hero MotoCorp will also file applications for refunds / demand reductions as applicable.