Revenue recognition method followed consistently cannot be disturbed unless there is change in facts & circumstances

Red Hat India Private Limited Vs DCIT (ITAT Mumbai)

Upon careful consideration we find that assessee has been following consistent system of revenue recognition. The assessee is inter alia engaged in the business of marketing, promotion and sale of ‘Red Hat subscriptions’ to customers in Indian sub-continent to avail support services that are for the open source software system during the subscription period ranging from one to seven year, which is established by the special services agreement or contract.   As

Please become a Premium member. If you are already a Premium member, login here to access the full content.