Bar on subsequent application for settlement

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....he 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; or (iii) the case of such person was sent back to the Assessing Officer by the Settlement Commission on or before the 1st day of June, 2002, then, 6[....

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....viduals in which such person is entitled to more than fifty per cent. of the profits at any time, or any Hindu undivided family in which such person is a karta; (ii) where such person is a company, any individual who held more than fifty per cent. of the shares or voting rights in such company at any time before the date of application before the Settlement Commission by such person; (iii) whe....

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....t) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax Officer" 5. Substituted vide Section 70 of the Finance Act, 2007 w.e.f. 01-06-2007 before it was read as, "1[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....