This Book is Frickin Awesome.Concepts are Perfectly explained in it and Misconceptions are handled in the caution section of this book.Note that this book would really try to remove as much as misconception as u have in ur mind.
As a JEE teacher I can say that this is one of the best books students can easily use as a reference book especially for Mechanics. I found it very helpful the fundamental problems were dealt with. For the rest I prefer Resnick Halliday. Best combination for IIT: (University Physics esp Mechanics/Resnick-Halliday) + DC Pandey.