Gujarat HC affirms Tribunal's ruling on undervaluation of polished diamonds in stock. Respondent ordered to submit Paper Book.

The Gujarat High Court upheld the Tribunal's decision, finding the respondent undervalued polished diamonds in the closing stock by Rs. 2,96,08,019. The Court directed the respondent to submit the Paper Book within three months.

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The Gujarat High Court heard an appeal regarding undervaluation of polished diamonds in the closing stock. The substantial question of law was formulated. The Tribunal was questioned for undervaluing the stock by Rs. 2,96,08,019. Notice was issued to the respondent for submission of the Paper Book within three months.

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