The book includes lucid comprehensive commentary on the subject with latest judicial decisions. It deals with the losses incurred by the assessees covered under section 10A, 10AA and 10B. It covers all the relevant and updated provisions of the Income Tax Act, 1961 & Indian Contract Act, 1872. The relevant Circulars, Notifications and other departmental releases have also been covered in it. The provisions of Set Off and Carry Forward of Losses have been drafted in a synoptic chart.