Finance Minister Arun Jaitley today said, India is not so vulnerable that every legitimate tax demand is considered as tax terrorism. His remarks came at a time when the tax authorities issued notices to about 100 Foreign Portfolio Investors, FIIs with a demand to pay around 60,000 crore Rupees as Minimum Alternative Tax (MAT) on capital gains made by them.Addressing industry representatives at CII annual general meeting in New Delhi, Mr Jaitley said that the emerging economy which expects investments can not indulge in the tax terrorism or aggressive tax policy. He said taxes which are not payable must not be paid, they should be challenged but if payable must be paid.On the passage of Goods and services Tax GST, Constitutional Amendment Bill in parliament, the Minister said that government will move the bill when the parliament re-assembles. He said, it is an one of the important reforms to streamline the tax structure in the country.On the issue of Black money law Mr, Jaitley promised a reasonable compliance window for persons with overseas funds to come clean. He, even asserted that targeting undeclared assets cannot be termed as tax terrorism. The Minister also sought suggestions for improving the structure of the compliance window proposed in undisclosed Foreign Income and Assets (Imposition of Tax) Bill 2015.Defending the Land acquisition Bill 2015, Mr Jaitley said the 2013 land law of previous government is hugely detrimental to the interest of farmers and rural India. He also said, it does not provide space to the rural infrastructures which have the capacity to generate employment.