Noida, March 5
The Income Tax Department on Wednesday carried out extensive raids at the corporate offices and premises of the County Group and its associated construction company in Noida over allegations of tax evasion and financial irregularities.
Officials said around 30 teams from the department’s Noida unit conducted simultaneous search operations at multiple locations across western Uttar Pradesh, including Noida, Ghaziabad, and Meerut.
The action was reportedly prompted by suspicions of unaccounted cash transactions and fund diversions through shell companies.
According to sources, the investigation into the County Group had been going on for some time, and authorities decided to act after obtaining what they described as “strong evidence” of financial misconduct.
The department is said to have uncovered discrepancies in the company’s accounts, including large-scale tax evasion and financial manipulations.
The raids, which began around 8 a.m. on Wednesday, saw the deployment of additional teams from outside Noida to aid in the operation.