Fortis Hospitals Limited, a wholly-owned subsidiary of Fortis Healthcare Limited, has received an Income Tax Order dated March 27, 2026, pertaining to Assessment Year AY 2024-25. The order has resulted in a significant demand being raised against the subsidiary amounting to INR 117.04 Crores. The Company is currently evaluating all available legal remedies, including the possibility of filing an appeal or a rectification application against the raised demand.
Disclosure of Tax Order Received
Fortis Healthcare Limited has publicly disclosed a material event concerning its subsidiary, Fortis Hospitals Limited. The regulatory filing confirms that the subsidiary is facing a demand notice from the Income Tax Authority following an assessment order.
Key Details of the Tax Demand
The specific details of the litigation and the financial impact are summarized as follows:
- Opposing Party: Income Tax Authority
- Date of Occurrence: March 27, 2026, at 05:19 pm.
- Relevant Period: Assessment Year (AY) 2024-25.
- Quantum of Claim/Demand: The total demand raised against Fortis Hospitals Limited is INR 117.04 Crores.
Company’s Response and Next Steps
The issuance of the assessment order on March 27, 2026, has prompted immediate internal review. The management of the Company is currently evaluating all available options. These options specifically include initiating the process for filing a formal appeal or submitting a rectification application to challenge the raised demand of INR 117.04 Crores. Further updates on the outcome of this evaluation are expected in due course.
Source: BSE
