Taxmann’s Business Laws by Bhushan Kumar Goyal – 16th Edition 2026.

Business Laws is a comprehensive, authentic, and time-tested textbook that presents the core areas of Indian business and commercial law, including the law of contract, the sale of goods, and limited liability partnership. Aligned with the National Education Policy (NEP) framework and the latest syllabus of the University of Delhi, it is a standard reference for undergraduate commerce students across India. Honed over 16 Editions, this book utilizes a teaching-led method that blends classic English authorities with Indian judgments.

Key Features of the 16th Edition

• Concept-plus-case Method: Explains rules and principles clearly, supported by leading English and Indian court cases explained in detail for easy understanding.

• 110+ Leading Cases: Landmark judgments, such as Carlill v. Carbolic Smoke Ball Co. and Durga Prasad v. Baldeo, are briefed chapter-wise at the beginning of the book for quick, consolidated revision.

• Exhaustive End-of-chapter Practice: Chapters include theoretical questions, true/false questions, and practical problems drawn from past university and professional examinations.

• Tabular Distinctions: Key distinctions between related concepts are provided in tabular form for quick comparison and recall.

• Latest Law Updates: Incorporates the latest provisions of the Insolvency and Bankruptcy Code, 2016, keeping the LLP discussion current.

Syllabus Coverage (5 Units)

• Unit 1 — The Indian Contract Act 1872 (General Principles): Covers the essentials of a valid contract, offer and acceptance, consideration, capacity of parties, free consent, and void agreements.

• Unit 2 — Discharge of Contract and Remedies for Breach: Details the modes of discharge, the doctrine of frustration, and remedies like damages, quantum meruit, specific performance, and injunction.

• Unit 3 — Introduction to Special Contracts: Explains contracts of indemnity and guarantee, bailment and pledge, and the law of agency.

• Unit 4 — The Sale of Goods Act 1930: Discusses conditions and warranties, transfer of property, the nemo dat quod non habet rule, and the rights of an unpaid seller.

• Unit 5 — The Limited Liability Partnership Act 2008: Covers the nature, incorporation, and partners of an LLP, updated for the Insolvency and Bankruptcy Code 2016.

Who Should Buy This Book?

• B.Com. and B.Com. (Hons.) Students: Ideal for students of the University of Delhi and other universities where Business Laws is a Discipline-Specific Core (DSC) paper.

• BBA and MBA Students: Suitable for those taking business law and legal-environment-of-business courses.

• Professional-course Aspirants: A valuable resource for CA-Intermediate, CS, and CMA students studying contract law, sale of goods, and LLP.

• Self-learners: Concepts are built from the ground up, requiring no prior legal background, making it accessible for first-time law students.

About the Authors

Bhushan Kumar Goyal Bhushan Kumar Goyal is an Associate Professor at Shri Ram College of Commerce (SRCC), University of Delhi. He holds a B.Com. (Hons.) and an M.Com. from SRCC and an LL.B. from the University of Delhi. He has over 43 years of teaching experience in Accounting at SRCC and has been a visiting faculty member at the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. A prolific author, he has written numerous books in the fields of Accounting and Business Laws.

Dr Kinneri Jain Dr Kinneri Jain is an Associate Professor in the Department of Commerce at Shri Ram College of Commerce (SRCC), University of Delhi. She holds a B.Com. (Hons.) and an M.Com. from SRCC, an M.Phil. from the Delhi School of Economics, and a PhD from Punjabi University, Patiala. With over fifteen years of experience teaching Business Law at SRCC, she has published numerous research papers in reputed journals.

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