Board has issued instruction no. 12/2008 dated 5-9-2008 for the purpose of processing of returns and refund claim and sets the priority accordingly.

Further, instruction no. 11/2008 dated 5-9-2008 issued for scrutiny of returns where returned income is Rs. 5 crore or more and where the provisions of FBT are applicable

Processing of returns: new instructions prioritize return handling and expedite refund claim disposal under income tax. Instructional measures establish a scheme to expedite processing of income-tax returns and prompt disposal of refund claims by setting processing priorities and procedural directions; separate guidance mandates intensified scrutiny for high-value returns and returns involving fringe benefit tax issues to ensure appropriate examination before finalisation.