Yes. If 1 second or less expires from the time you blow the whistle, no time should be restored. You are not permitted to put time back.
If you whistle for a timeout (or foul or violation) with < 1.0 seconds left and the clock doesn't get stopped before the horn sounds, the quarter/game is over (after any merited FTs are taken).
It's based on the time of the whistle...not when the coach requests it.
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