Revenue Recognition Method Aligned with AS-9 Mandate: Addition deleted

DCIT Vs Red Hat India Pvt. Ltd. (ITAT Mumbai)

Introduction: The case of DCIT vs. Red Hat India Pvt. Ltd. before ITAT Mumbai revolves around the intricate matter of revenue recognition and compliance with Accounting Standard-9 (AS-9).

Detailed Analysis: Red Hat India Pvt. Ltd. (RHIPL) operates in the business of marketing, promotion, and distribution of “Red Hat Subscriptions” that offer support services for Red Hat Open-Source Software. These s

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