IT action on Hero Moto Chairman & MD Pawan Munjal, raids at office-house | Zee Business

IT raids on Hero Moto: Income Tax Department has raided the premises of Hero Moto Chairman & MD Pawan Munjal. This action of the IT department is being done in the office and at home. The department has started action from morning itself. Zee Business correspondent Tarun Sharma said that Income Tax raids are being conducted on Hero MotoCorp and their Chairman and MD Pawan Munjal. This action of the department had started from morning itself. Delhi’s Investigation Department is taking this action.

Pawan Munjal is accused of showing bogus expenses in his account. In view of these allegations, the Income Tax Department has been raiding his house and office since morning.

According to sources, this action will continue for the next 1 to 2 days. The biggest thing is that many such expenses have been received by the Income Tax Department, which it does not understand. These include expenses shown with the event company or many expenses in-house. The tax department is taking action regarding this.

Tax department’s action on builders too

The Investigation Department of the Income Tax Department has taken another action against the Omaxe builder. In the action of the Investigation Department, unaccounted cash of Rs 25 crore has been seized from the builder. According to the department’s investigation, the company was taking money from investors in cash for the last 10 years. This amount is more than 3,000 crores. The tax department has also seized 11 bank lockers of Omaxe. Last week too, there was a quick raid of income tax at Omaxe Builder.

Earlier, on March 22, the Income Tax Department raided the Hiranandani Group of the real estate sector. This raid by the IT department took place at 24 places including Mumbai, Chennai, Bangalore. Hiranandani Group has its flagship project in Powai, Mumbai. This is not the first time that the investigating agency is probing this group.

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