ICDS-I provides that an accounting policy shall not be changed without ’reasonable cause’. The term ’reasonable cause’ is not defined. What shall constitute ’reasonable cause’.

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....Accounting Policies Income computation and disclosure standards<br>Income Tax<br>Manuals<br>Dated:- 8-9-2017<br>Manual - ICDS I : Accounting Policies Under the Act, 'reasonable cause is an existing c....