Fortis Hospitals Limited, a wholly owned subsidiary of Fortis Healthcare Limited, has received an income tax assessment order for the 2021-22 assessment year. The order creates a financial demand of INR 149.12 crores against the entity. The company is currently reviewing the assessment order and is evaluating all potential legal and administrative options, including the possibility of filing an appeal and a formal rectification application to address the raised demand.
Details of Tax Assessment
On March 31, 2026, Fortis Healthcare Limited announced that its subsidiary, Fortis Hospitals Limited, was issued an assessment order by the tax authorities. The order, dated March 27, 2026, pertains to the 2021-22 assessment year and claims an outstanding liability of INR 149.12 crores.
Company Response and Next Steps
The company is actively reviewing the findings of the assessment order. To address the INR 149.12 crore liability, management is currently evaluating a range of formal options. These measures include preparing to file an appeal with the appropriate appellate authorities and submitting a rectification application to correct any errors perceived in the assessment process. The company maintains its commitment to addressing the matter through all available legal channels.
Source: BSE
