The day after the report appeared that the Income Tax Department (IT) had detected false costs of RS 1,000 Crore in the Motocorp hero, the two-wheelmaker clarified that he had provided all documents and data to the authorities, firmly “denying the speculative press of the report ” and send sharing almost 3 percent.

At 9:25 HRS Hero Motocorp quoted at Rs 2,262.65, up RS 54.30 or 2.46 percent in BSE.

The Motocorp hero said that officials from the department visited their office in the previous week: ” The company has provided all the support and cooperation, documents and data needed to the authorities and will continue to do so if needed. “

“As and when the tax department ends his findings and communicates to us, we will notify the appropriate exchange,” he added.

On March 29, the source told CNBC-TV18 that claims related to false costs were detected in I-T attacks conducted from March 23 to 26 in places related to the Motocorp hero.

The Ani news agency learned from the source that “burdensome evidence” was found in the form of hard copies and digital data. Shortly after the report came out, the stock of the Motocorp hero slipped more than seven percent on March 29.

Hero Motocorp also announced that it would increase motorcycle prices and its scooters to RS 2,000 from April 5. Price revisions have been required to compensate for part of the impact of the increase in commodity prices, the largest two-wheeled maker said in a statement.