The suggestions are all good do try them before reading further. Failing those attempts I have two more suggestions:
1) I gather that you are ready to write-off the inspection cover, so find a piece of aluminum hex stock, 1/2" or 3/4", have it welded on the back side, apply a box wrench and have it.
2) If that fails utilize a Dremel to remove as much of the cover, where the threads are, as you dare, the point is to weaken the circular integrity of the cover so that it begins to collapse when turning force is applied.
The problem appears to be that the inspection cover and the primary cover have become, or mostly have become, metallurgically bonded. It may be to your advantage to live with it, especially if the cover is in good condition otherwise; they are expensive and used ones always seem to have the foot peg ding.
Best wishes.