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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..... olicies Income computation and disclosure standards - Income Tax - Manuals - FAQ - Dated:- 8-9-2017 - Manual - ICDS I : Accounting Policies Under the Act, reasonable cause is an existing concep .....

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..... the adoption of a different accounting policy is required by statute or for compliance with an accounting standard or if it is considered that the change would result in a more appropriate presentati .....

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