Tax & Penalty14 Sept 2026, 03:02 pm
Yatharth Hospital Faces ₹41.62 Cr Tax Demand, Appeals Filed
AI Summary
Yatharth Hospital and its subsidiaries, AKS Medical and Ramraja Multispeciality Hospital, have received final assessment orders from the Deputy Commissioner of Income Tax, resulting in aggregate demands of ₹29.66 Crores plus ₹11.42 Crores interest for Yatharth Hospital, ₹8.50 Crores plus ₹2.48 Crores interest for AKS, and ₹5.64 Crores plus ₹2.04 Crores interest for Ramraja. The company, based on external tax consultant advice, is filing appeals before the CIT (Appeals) and is confident of substantial relief, thus not requiring any provision in the financial statements currently.
Key Highlights
- Aggregate tax demands of ₹41.62 Crores plus interest issued to Yatharth Hospital and subsidiaries.
- Assessment proceedings for multiple years concluded with these orders.
- Company is filing appeals with CIT (Appeals) seeking substantial relief.
- No financial statement provision currently required due to confidence in appeal outcome.
Price Impact
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