Burman's foreign accounts need to be examined: HC

The Delhi High Court on Wednesday dismissed Dabur India promoter Pradip Burman's plea seeking a stay on proceedings in alleged tax evasion cases in which he has been made an accused and said his foreign accounts needed to be examined.

Justice Suresh Kait dismissed Burman's application challenging the trial court's order which had refused to stay criminal proceedings against him in tax evasion cases against him.

It is "crystal clear" that the petitioner had admitted to having bank accounts outside India only after the investigation by the Income Tax Department, the court noted.

"The said foreign account was the undisclosed account and the deposits therein relate to his undisclosed income and the same needs to be examined," the court said.

A case was registered against Burman under the Income Tax Act for offences related to concealment of income and tax evasion.

According to the income tax department's complaint, Burman held foreign bank accounts but did not disclose them in his income tax returns and there were undisclosed deposits in the accounts.

Burman, who also figures in the list given by the central government to the Supreme Court in the black money issue, is out on bail.