There is difference between pending income tax refund and pending assessment of return. 
The press note says IT dept will "release pending income tax refunds". In my opinion, its only applicable where return was already processed but bank account was not credited with refund due to some reasons. The press note did not say that IT dept will "process all the income tax returns" immediately .
In most of the cases, like yours, the present status is that assessment of IT return is pending. Only once assessment is completed, that it is determined that whether refund is payable (and consequently, pending) or if there is a tax demand.
If I were you, I will not raise my hope.  

Will we get the refund?

Has anyone received the return post submission of this with option #1?

Hi Sheena, today my sister got same msg what it means, pls do needful tq.

Is it like scrutiny assessment, wheter she needs to submit proofs and all to Department, one thing is she is 8th month pregnant now and her expected delivery date probably in may mid...at this what this nusense and all, it's just around 80k refund and FY 2019-20 she quit her job this time no need file the return also in next AY 2020-2021.... Pls do needful with ur experience....as I have seen u r a CA.tq...my mail id babuphaneendra5 @ gmail.com.

Previously she recived some adjustments proposed and she replied to that in e-proceedings and filed revised also by doing modification in health expenditure and now again this mail...is there any chance to go to IT office and provide support for that claim..

Hi 

I have also received the mail for risk assessment and received last year as well. They announce on 8th April they will be releasing refund and now another notice.

Tax payer and some tax consultant file ITR showing incorrect claim like increased amount of 80c deduction, wrong HRA claim, lower salary etc to get refund. computer cross check it from TDS return filed by employer and suspend processing of ITR and it is to be transferred to jurisdictional assessing officer for manual scrutiny in which tax payer has to submit proof of their claim and if found incorrect penalty may be levied. So if refund claim is correct then reply yes if it is incorrect then file revised return.Contact me for any queries.

CA Siva Appikonda 8522857008

I have also received the same msg. As per my belief it is correct and I chose 1 option. But how do I know its correct or incorrect. Pl help me