Hero MotoCorp gets relief in tax appeal; demand reduced to ₹27 crore from ₹177.96 crore
Hero MotoCorp received appeal orders reducing its tax demand from ₹177.96 crore to ₹27 crore for assessment years 2013-14 to 2017-18 and 2019-20. The company plans further appeals for the balance demand.
While the reduction in tax demand is positive, the remaining demand of ₹27 crore and the company's intention to file further appeals suggest a continuing, albeit reduced, financial impact.
The reduction in tax demand from ₹177.96 crore to ₹27 crore is a favorable outcome for the company, indicating a positive development in its tax litigation.
Hero MotoCorp Limited has announced that it has received appeal orders dated March 09, 2026, and March 10, 2026, from the Commissioner of Income Tax (Appeals) - 29. These orders were received on March 11, 2026.
The company had previously filed appeals against reassessment orders for the assessment years 2013-14 to 2017-18 and 2019-20. The recent appeal orders have resulted in a significant reduction of the tax demand from ₹177.96 crore to ₹27 crore.
Hero MotoCorp plans to file appeals for the remaining tax demand with higher appellate authorities and will also apply for refunds or demand reductions as applicable.
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Hero MotoCorp Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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