1990 (8) TMI 52

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..... f the letter dated June 9, 1988, issued to it by the Deputy Commissioner of Income-tax (Assessment), Special Range, Dehradun, for recovery of Rs. 5,69,11,730 being demand raised for the assessment year 1985-86 in the case of M/s. Micoperi S. P. A., Italy. It appears that, under an agreement entered into by the petitioner with Micoperi S. P. A., the tax liability of Micoperi S. P. A. was undertak .....

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..... operi S. P. A. or the petitioner. Dr. Balasubramanian, learned counsel for the Department, submits that, under the order of this court, fresh assessment was required to be made by the Assessing Officer on Micoperi S. P. A. for the same year at Bombay and that if any demand is created as a result of such an assessment, the Department should be at liberty to take appropriate proceedings against Mico .....

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