Valid reasons for late submission of form - 112

Jitendra Singh (Article and audit assistant)   (54 Points)

04 March 2014  

Sir,

I have started my articleship on 20-02-2013 in my old firm and take transfer on 31-12-2013. Then I joined my new firm on 01-01-2014 and submit Form 103 & 112 (with details of pursuing B.com Hnrs from D.U.). But earlier at the the time of registration in old firm, i did not submitted the Form-112, as I am confused whether to pursue b.com from D.U. or IGNOU. Now, i received a letter from ICAI to give reason for late submission of Form 112. What reason should i give to ICAI for this mistake???? Help me experts and members!! 

If this reason for late submission is not acceptable by ICAI, please suggest me some valid reasons for this case.