Dismissing the petition the Court held that as per the information from DDIT (investigation) it was found that the assessee is  purchasing and selling of shares in systematic evasion of taxes by clients  by misuse of NMCE platform.  Accordingly the issue of reassessment notice is held to be justified as the AO has formed a prima facie view that income chargeable to tax has escaped the assessment which was accepted u/s 143(1) of the Act. (AY. 2012-13)