New Delhi, Jan 29 (ANI): India needs a 'simple, predictable and fair' tax regime to restore foreign investor confidence, said Minister of State for Finance Jayant Sinha on Thursday. On Wednesday, the Bombay High Court dismissed a tax notice amounting to Rs 3,200 crore sent against Vodafone, ruling that there is no taxable income on share premium received on the issue of shares. After the ruling, the Centre decided to not appeal against the judgement, however stressing that while many cases are currently sub-judice, every case has to be looked at differently.
