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<h1>Guideline for Assessing Agricultural Income: Market Value Based on Average Sale Price in Previous Year Under Section 2(1A) & Rule 7.</h1> To determine the market value of agricultural produce that is ordinarily sold in the market, the value is based on the average price at which the produce was sold during the relevant previous year. This applies whether the produce is sold in its raw state or after processing by the cultivator or rent-in-kind receiver to make it market-ready. This guideline is relevant for assessing agricultural income under Section 2(1A) and Rule 7 of the Income Tax regulations.