In such case, the amount of settlement deposited by the applicant shall be adjusted against his outstanding dues.

Review 10. The Commissioner may, on his own motion, at any time, within twelve calendar months from the date of communication of order of settlement of old arrears, call for the record of such order and in so far as it is prejudicial to the interest of revenue, may serve on the applicant a notice and pass an order to the best of his judgment, where necessary.