https://www.taxtmi.com/highlights?id=60654 Unearned revenue from subscription services - AO has clearly erred in changing consistently followed method of revenue recognition adopted by the assessee.We find due merits of the revenue recognition adopted by the assessee which is duly supported by mandate of AS-9 and other parameters referred above - it is also a settled law that unless there is change in the facts and circumstances or that it can be said that earlier adopted system was wrong, revenue recognition method cannot be disturbed. - AT en-us Thu, 25 Nov 2021 08:54:22 +0530 Thu, 25 Nov 2021 08:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60654 Unearned revenue from subscription services - AO has clearly erred in changing consistently followed method of revenue recognition adopted by the assessee.We find due merits of the revenue recognition adopted by the assessee which is duly supported by mandate of AS-9 and other parameters referred above - it is also a settled law that unless there is change in the facts and circumstances or that it can be said that earlier adopted system was wrong, revenue recognition method cannot be disturbed. - AT Highlights Income Tax Thu, 25 Nov 2021 08:54:22 +0530 https://www.taxtmi.com/highlights?id=60654