Taxmann’s Business Laws | B.Com. (Hons.)/B.Com. | UGCF by Sushma Arora – 14th Edition 2026.

Taxmann’s Business Laws is a comprehensive, authentic, and student-oriented textbook that translates complicated statutory provisions into simple, lucid language. Authored by Dr. Sushma Arora, leveraging four decades of teaching experience at the University of Delhi, the text balances academic rigour with practical, examination-focused guidance. It serves as a definitive resource for undergraduate commerce students, bringing commercial law to life through interesting examples and landmark judicial rulings.

Key Features & 2026 Updates

• NEP-Aligned Practical Exercises: Features activity-based tasks such as identifying valid-contract components in real rent/sale documents and examining the MCA RUN and FiLLiP web-forms.

• Dedicated Examination-Oriented Section: Includes Golden Rules for solving case studies, a curated list of important sections from every prescribed Act, and a systematic compilation of frequently asked long-answer questions.

• DU-Recommended Case Laws: Covers the specific case laws recommended by the Department of Commerce, University of Delhi, to ensure syllabus accuracy.

• Contemporary Legal Updates: Woven throughout the text are recent statutory developments, including the Bharatiya Nyaya Sanhita 2023, the Mediation Act 2023, modern e-commerce trends, and updated LLP Incorporation (2025–26) compliance.

• Author’s Insight Feature: Offers practical study strategies, explains why Business Law matters for entrepreneurs, and provides exam tips for scoring high marks using the ‘Section, Provision & Example’ format.

Syllabus Coverage (Mapped to NEP)

The book is organized into five units and 22 chapters:

• Unit I — The Indian Contract Act 1872: Covers the nature and essentials of a valid contract, offer and acceptance, free consent, void agreements, and quasi-contracts.

• Unit II — Discharge of Contract & Remedies for Breach: Details modes of discharge and breach remedies such as rescission, quantum meruit, specific performance, and injunction.

• Unit III — Introduction to Special (Specific) Contracts: Explains contracts of Indemnity and Guarantee, Bailment and Pledge, and Agency.

• Unit IV — The Sale of Goods Act 1930: Discusses conditions and warranties, transfer of ownership, performance of the contract of sale, and the rights of an unpaid seller.

• Unit V — The Limited Liability Partnership Act 2008: Covers the nature of LLPs, formation and incorporation, partners’ relations, and conversion into an LLP.

Who Should Buy This Book?

• Undergraduate Commerce Students: Essential for B.Com. (Hons.) and B.Com. (Programme) students under the NEP/UGCF framework of the University of Delhi and other central/state universities.

• NCWEB & SOL Students: A highly structured resource for students of the Non-Collegiate Women’s Education Board and the School of Open Learning of the University of Delhi.

• Management Students: Ideal for BBA and MBA students taking a business or commercial law paper.

• Professional Course Aspirants: Provides a clear grounding for CA-Intermediate (IPC) and Company Secretary (CS) aspirants in contract, sale of goods, and LLP law.

About the Author

Dr. Sushma Arora is an Associate Professor of Commerce at Daulat Ram College, University of Delhi, where she has taught for more than four decades. She graduated at the top of her B.Com class in 1975, earning a position on the Delhi University merit list, and subsequently completed her M.Com and M.Phil (Finance) at the Delhi School of Economics.

Professor Arora’s teaching and research span Business, Industrial and Cyber Laws, Cost Accounting, and Business Statistics. She is a prolific author with nine textbooks to her credit, including widely adopted titles such as Business & Industrial Laws and Cyber Crimes and Laws. She has also developed numerous e-lessons for the National Mission on Education and the Institute of Lifelong Learning (ILLL) at the University of Delhi.

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