Assessee-company filed its return of income and an assessment order was passed under section 143(3) of the Act.  Subsequently, Assessing Officer issued a reassessment notice on ground that assessee-company had generated non-genuine gain by trading in shares of kushal goup  which had escaped assessment  On writ it  was contended that even if addition was made as proposed by Assessing Officer, being income escaped from assessment, there would not be any taxable income after proposed addition as income would be taxed under section 115JB. High Court quashed the reassessment notice and order disposing the objection. (AY. 2017-18)