Finance Minister Arun Jaitley has announced that a high-level committee, headed by Justice A P Shah, will look into the controversial issue of payment of Minimum Alternate Tax (MAT) by Foreign institutional investors. He said this while replying to a debate on Finance Bill in the Rajya Sabha yesterday. The minister said that the committee will also look into few other tax issues, which are essentially legacy issues. Mr Jaitley said, the government will consider the recommendation of the committee and take an appropriate decision as early as possible. Later Parliament gave its nod to the Appropriation Bill, 2015-16 and the Finance Bill, 2015-16 with the Rajya Sabha approving them and returning to the Lok Sabha. The Appropriation Bill seeks to authorise payment and appropriation of certain sums from and out of the consolidated fund of India for the services of financial year 2015-16. On the other hand, the Finance Bill seeks to give effect to the financial proposals of the Central government for the financial year 2015-16. The Lok Sabha has already passed both the bills.