IT Raids Rock Bilaspur: Phil Group Under Scanner for Financial Irregularities

• Income Tax Department launched a major operation against Phil Group, a large industrial group involved in the coal business.
• Simultaneous raids conducted at various locations including the group's office, factory, and residences in Bilaspur, Chhattisgarh.
• Investigations are underway at Praveen Jha's office on Shrikant Verma Marg and his residence in Rama World.
• Officials are scrutinizing documents, computer data, and transaction records for financial irregularities and income-related matters.
• The action, part of an SIR survey, has created panic among local businessmen; no official statement yet from the department.