(8)Where any goods [goods or services] [Substituted by Act 14 of 2001, Section 44, for certain words (w.e.f. 1.4.2002).] held for the purposes of the eligible business are transferred to any other business carried on by the assessee, or where any goods [goods or services] [Substituted by Act 14 of 2001, Section 44, for certain words (w.e.f. 1.4.2002).] held for the purposes of any other business carried on by the assessee are transferred to the eligible business and, in either case, the consideration, if any, for such transfer as recorded in the accounts of the eligible business does not correspond to the market value of such goods [goods or services] [ Substituted by Act 14 of 2001, Section 44, for certain words (w.e.f. 1.4.2002).] as on the date of the transfer, then, for the purposes of the deduction under this section, the profits and gains of such eligible business shall be computed as if the transfer, in either case, had been made at the market value of such goods [goods or services] [Substituted by Act 14 of 2001, Section 44, for certain words (w.e.f. 1.4.2002).] as on that date:Provided that where, in the opinion of the Assessing Officer, the computation of the profits and gains of the eligible business in the manner hereinbefore specified presents exceptional difficulties, the Assessing Officer may compute such profits and gains on such reasonable basis as he may deem fit.[Explanation. - For the purposes of this sub-section, "market value", in relation to any goods or services, means the price that such goods or services would ordinarily fetch in the open market.] [ Substituted by Act 14 of 2001, Section 44, for Explanation (w.e.f. 1.4.2002).]
