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NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 23 2020

The Supreme Court on Wednesday dismissed an income tax department plea challenging a Bombay high court order directing it to refund 833 crore to the company.

Upholding Vodafone’s claims for refund of taxes for the assessment year 2014-15, the SC said the I-T department had in October 2019 concluded that 833 crore was due and payable to the telecom company.

It added that the tax department didn’t have the authority to withhold refunds anticipating future demands. The tax department had opposed the refund, citing potential demands against the company.

Senior diplomats of India and China could hold a fresh meeting on Friday to try and speed up the process of de-escalation and disengagement between the troops of the two countries along the border, a person familiar with the matter said.

The disengagement process initiated with the pullback of troops of the two countries earlier this month has hit an apparent hurdle with the Chinese not proceeding on lines of the withdrawal plan agreed upon.