Revised guidelines for compounding of offences under IT Act 1961

As you are aware the Compounding of an offence is a process or mechanism in which a defaulter is reprieved of major legal consequences and imprisonment by paying specified sum. An offence can be compounded by Principal Chief Commissioner or Chief Commissioner of Director-General having jurisdiction where defaulter resides or running business or profession.

source https://www.caclubindia.com/articles/revised-guidelines-for-compounding-of-offences-under-it-act-1961-47785.asp