PUNE:
Raids by Income Tax and Enforcement Directorate officials on a trader in horses here and Mumbai have allegedly tracked foreign transactions in money believed to be in crores of rupees.
The house of the trader associated with stud farms and horse race was raided by income tax officials in January and indications of cross-border financial transactions in foreign accounts were found during the search.
``At this stage, it is not possible to confirm the quantum of evasion as the matter is still under investigation,'' CBDT spokesman A K Sinha said in Delhi. Efforts to reach Khan proved infructuous with staff at his house saying he was not staying in Pune ever since the raids. — PTI
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