Supreme Court’s Judgment On Income From Commercial Activities By Charities

– Parsi Charitable Trusts involved in commercial activities pertaining to housing to exercise extra caution! – The recent judgment of the Supreme Court of India pertaining to commercial or business activities and income from such activities by charitable trusts and institutions enjoying tax exemption is of far-reaching consequences to all trusts, including Parsi charitable trusts. […]

Areez Khambatta Passes Away

Industrialist, philanthropist, ex-Chairman of WAPIZ, and Ex-President of the Ahmedabad Parsi Panchayat, most popularly and fondly remembered as the founder of ‘Rasna’ (the world-famous soft-drink concentrate), Areez Pirojsha Khambatta, passed away on 19th November, 2022, due to a cardiac arrest, in Ahmedabad, Gujarat, at the age of 85. Born in 1937, Areez Khambatta, took over the […]

Adille Sumariwalla Represents India At ‘Sport For All’ At The Vatican

Responding to a call by Pope Francis, an international summit titled, ‘Sport for All: Cohesive, Accessible And Tailored To Each Person’, was held from 29-30 September, 2022, in the New Synod Hall at the Vatican, where sports enthusiasts and representatives of major sports and intergovernmental institutions and organizations met to discuss the social responsibility of […]