https://www.taxtmi.com/caselaws?id=774423 A waiver of costs imposed for non-appearance was allowed where the absence was found bona fide, supported by sufficient cause, and not intentional or mala fide. The compounding fine was also reduced on the basis that compounding is discretionary and the penalty must remain fair, reasonable, and proportionate to the default and surrounding circumstances, including resignation from the company, subsequent management responsibility, financial hardship, and prolonged litigation. The earlier cost was waived, and the compounding amount was further reduced, with the balance directed to be paid within the time granted. en-us Tue, 01 Jul 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774423 A waiver of costs imposed for non-appearance was allowed where the absence was found bona fide, supported by sufficient cause, and not intentional or mala fide. The compounding fine was also reduced on the basis that compounding is discretionary and the penalty must remain fair, reasonable, and proportionate to the default and surrounding circumstances, including resignation from the company, subsequent management responsibility, financial hardship, and prolonged litigation. The earlier cost was waived, and the compounding amount was further reduced, with the balance directed to be paid within the time granted. Case-Laws Companies Law Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774423