1990 (8) TMI 52 - HC - Income Tax

Summary

The High Court of Bombay quashed a demand for Rs. 5,69,11,730 issued to the petitioner by the Deputy Commissioner of Income-tax. The court directed that no further steps for recovery should be taken. The petitioner's liability for Micoperi S. P. A.'s tax was under dispute. The court ruled in favor of the petitioner, making the rule absolute with no costs.