Kakolukiya: Revisiting the Third Book of Panchatantra through Arthashastra and Mahabharata' is an attempt to search the influence of Mahabharata and Arthashastra in the creation of Kakolukiya, the third book of Panchatantra.The enmity between the crows and the owls and the destruction of the owls by the crows is the theme of Kakolukiya.The common character of the crows and the owls, they are the main animal characters in that book, in the Kakolukiya is somewhat equal to the character of the epic heroes- the Pandavas and the Kauravas respectively. The policies, the crows used to confront its enemy, the owls, mentioned in the Kakolukiya are an extended chapter of Kautilya's Arthashastra. All these possibilities used to produce the current work.