Fortis Hospitals' Tax Demand Reduced by 47% Following Rectification Application Success
Fortis Healthcare Ltd announced a significant reduction in the tax demand faced by its wholly owned subsidiary, Fortis Hospitals Limited. The company confirmed that the Income Tax Authority successfully processed a rectification application concerning the tax demand for Assessment Year (AY) 2024-25.The outcome of the processing reduced the original tax demand from INR 117.04 Crores to INR 61.48 Crores. This development was confirmed on June 16, 2026.
Details regarding this litigation and its financial implications are as follows:
| Financial Metric | Original Demand | Reduced Demand |
|---|---|---|
| Tax Demand (AY 2024-25) | INR 117.04 Crores | INR 61.48 Crores |
The rectification application was processed by the Income Tax Authority based on an order dated June 3, 2026, under section 154 read with section 143(3) of the Income Tax Act, 1961.
The reduction in the tax demand results from the processing of the rectification application filed by Fortis Hospitals Limited, a subsidiary of Fortis Healthcare Limited. The company reported that there are no claims regarding expected financial implications due to compensation or penalty related to this matter.
FORTIS Stock Price Movement
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