Income Tax Act, 1961
Section 245K. BAR ON SUBSEQUENT APPLICATION FOR SETTLEMENT IN CERTAIN CASES.
Where, –
(i) An order of settlement passed under sub-section (4) of section 245D provides for the imposition of a penalty on the person who made the application under section 245C for settlement, on the ground of concealment of particulars of his income; or
(ii) After the passing of an order of settlement under the said sub-section (4) in relation to a case, such person is convicted of any offence under Chapter XXII in relation to that case;
(iii) The case of such person is sent back to the Assessing Officer by the Settlement Commission under section 245HA, then, he shall not be entitled to apply for settlement under section 245C in relation to any other matter.
