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of <h1>Court dismisses challenge to party's genuineness in Income-tax case, upholding officer's decision.</h1> The High Court of Allahabad dismissed an application challenging the genuineness of a party named Kashmir Traders in an Income-tax case. The Income-tax ... Addition To Income The High Court of Allahabad dismissed an application under section 256(2) of the Income-tax Act regarding the genuineness of a party named Kashmir Traders, Lucknow, from whom the assessee claimed to have purchased scrap. The Income-tax Officer deemed the party non-existing and added the amount to the assessee's income. The Tribunal upheld this decision, stating that no question of law arose for reference. The application was dismissed.
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