Fortis Subsidiary Tax Demand Reduced 55.56 Crores

Fortis Healthcare Limited

Key Event Details

Fortis Healthcare Limited disclosed that its wholly-owned subsidiary, Fortis Hospitals Limited, successfully processed a rectification application with the Income Tax Authority. The event occurred on June 16, 2026 at 02:09 PM.

Litigation Outcome

The Income Tax Authority, through its order dated June 3, 2026 issued under Section 154 read with Section 143(3) of the Income Tax Act, 1961, reduced the tax demand for assessment year 2024-25 from ₹117.04 crores to ₹61.48 crores.

Financial Impact

The tax demand reduction represents a decrease of ₹55.56 crores in the subsidiary's tax liability. The quantum of claims is stated as NIL in the disclosure.

Parties Involved

• Fortis Healthcare Limited (parent company)
• Fortis Hospitals Limited (wholly-owned subsidiary)
• Income Tax Authority (opposing party/regulatory authority)