Pradip Burman gets bail in tax evasion case

A court here has granted bail in an alleged tax evasion case to Pradip Burman, one of the promoters of Dabur India whose name has figured in the list given by the Centre to the Supreme Court on the black money issue.

Additional Chief Metropolitan Magistrate Devender Kumar Sharma Monday granted bail to Burman and asked him to furnish a personal bond of Rs.25,000 and a surety of a like amount.

Burman appeared in court in pursuance to summons issued against him. The order was released to the media Thursday.

"Further, the accused is hereby directed not to leave the country without prior intimation and prior permission from this court during the pending trial," the court said, and fixed Dec 3 for further hearing.

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

The court, after taking cognizance of the complaint by the IT department, had summoned Burman as accused in the case.

According to the complaint, Burman was holding foreign bank accounts but he did not disclose about it in his income tax returns and there were undisclosed deposits in those two accounts.