Section 143 of the Income-tax Act, 1961 - Assessment - General - Processing of returns of A.Y. 2011-12 - Steps to clear backlog - Withdrawal of Instruction No. 1/2012. - Income Tax - 04/2012

Instruction No. 4/2012 Dated 25-5-2012 The Board has decided to withdraw Instruction no. 01/2012 issued on 2nd February, 2012 on the subject above with immediate effect. The following decisions have been taken in this regard: ( i ) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. Five thousands, the TDS claim may be accepted without verification. ( ii ) Where there is zero TDS matching, TDS credit shall be allowed only after due verification. ( iii ) Where there are TDS claims with invalid TAN, the TDS credit for such claims is not to be allowed. ( iv ) In all other cases TDS credit shall be allowed after due verification. [F. No. 225/34/2011-ITA.II]