TAX ADJUDICATION-Mills of God

newspapers, it appears, the tax authorities had reopened the tax assessment of Biju Patnaik for the year 1957-58 on the ground that he had concealed material facts relating to his income of the year 1956-57 as a result of which capital gain of Rs 15 lakh had escaped taxation. The gain had apparently resulted from the transfer of goodwill of a proprietary mining business to a corporate entity.