Assessee is  engaged in business of purchase and sale of used vehicles. It purchased old vehicles from five persons through an agent and made payment in cash exceeding prescribed limits to agent, who in turn paid to sellers of vehicles.  Assessing Officer made disallowance. Tribunal held  as situation envisaged in clause (K) of rule 6DD was clearly satisfied, assessee is  entitled to exemption. Addition is deleted.  (AY. 2015-16)