04 October 2007
For assessment year 2007-08, it would be mandatory for firms liable to tax audit under section 44AB to file their returns electronically. Corporate taxpayers and such firms may either file their return electronically under digital signature or may transmit the data of the return electronically and thereafter submit a one page verification Form which contains a summary of the return transmitted electronically.
19 November 2007
As per Rule-12 and CBDT's instructions, E filing is compulsory. However, i has been heard that few high Courts (Including Hon'ble High Court of Guwahati) has provided some interim relief.