ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Calcutta Diary

A M IN the by-now-much-alluded-to report of the Public Accounts Committee on the tax assessments of the National and Grindlays Bank and some of its principal employees, one comes across a reference to one Shri Kasbekar who happens to be one of the principal accountants of the bank. lt is the customs inspectors, we are told, who turn out to be the best smugglers once they quit their jobs and seek fresh pastures. In this instance, Shri Kasbekar is stated to have been, in the past, an officer of the Income-Tax Deparment. As an official tax sleuth, he was on a number of occasions' responsible for making the tax assessments of the bank, Acquaintance leads to intimacy: in 1966, he left the Department and joined the bank. The Government apparently could not cart' less, as a result of which, both Shri Kasbekar and National and Grindlays Batik found the crossing over mutually satisfactory. Pa- reto Optimally was ushered in. It is possible that the Appellate Assistant Income-Tax Commissioner

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