The HC, in a judgement passed last month, directed the company and its three executives to deposit the penalties in the form of bank guarantees
The ED has accused Google India of flouting forex provisions for undertaking two transactions worth INR 363.79 Cr and INR 1.08 Cr with Google Ireland and Google US, respectively
The agency argued that the two transactions to distribute online ad space under the ‘Adwords Programme’ were categorised as commercial loans and required RBI’s…