India, Jan. 22 -- Following the Supreme Court's ruling against Tiger Global in the capital gains tax case pertaining to the investor's stake sale in Flipkart, Startup Policy Forum (SPF) has called on the Centre to adopt a balanced and broader interpretation of tax treaties and reassure investors.

The SPF, which represents over 60 startups like Ather Energy, CRED, Razorpay, among others, wrote to the finance ministry saying that while the SC ruling is legally grounded in the specific facts of the case, it risks sending mixed signals to foreign investors and may have longer-term implications for India's startup ecosystem, which has been a significant beneficiary of foreign capital.

The development was first reported by Reuters.

For conte...