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of <h1>Clarification on Section 143(1D): No Return Processing Required if Section 143(2) Notice Issued, Even with Refund Claims.</h1> Instruction No. 1/2015, dated January 13, 2015, clarifies the applicability of Section 143(1D) of the Income Tax Act, 1961. It states that when a notice under Section 143(2) is issued, processing the return is not necessary, even if there is a refund claim. This provision, introduced by the Finance Act, 2012, aims to prevent issuing refunds before completing scrutiny, which may result in tax demands. The Central Board of Direct Taxes emphasizes that scrutiny assessments should be completed promptly and that this instruction should be strictly followed.
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