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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Section 245K Bars Settlement Applications for Prior Offenders and Repeat Applicants Post-June 2007 Under Income-tax Act</h1> Section 245K of the Income-tax Act, effective June 1, 2007, bars individuals from applying for settlement under section 245C if they have previously faced a penalty for concealing income, been convicted of an offense under Chapter XXII, or had their case returned to the Assessing Officer by the Settlement Commission before June 1, 2002. Additionally, individuals who applied for settlement under section 245C on or after June 1, 2007, and whose application was allowed to proceed under section 245D(1), are prohibited from making further applications under section 245G.