Religare Subsidiary CHIL Tax Liability Reduced 50%

Care Health Insurance Limited received a rectification order reducing its net tax liability for AY 2022-23 to ₹86.66 crore from ₹173.32 crore.
The order from the Deputy Commissioner of Income-Tax corrected a technical error in computation following CHIL's rectification application.
CHIL had previously filed an appeal against the original assessment order, which remains pending disposal with the appropriate authority.
The financial impact is quantifiable at ₹86.66 crore, payable by CHIL, with REL's financials including consolidated results of CHIL.