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This appeal filed by the Assessee is directed against the order of the learned Commissioner of Income Tax (Appeals)-1, Madurai in I.T.A. No.49/2017-18, dated 31.08.2018 relevant to the assessment year 2014 - 2015.

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2. The brief facts of the case is that the Assessee is an individual carrying on the business of quarrying granite boulders and manufacturing blue metal since the year 1988. For the Assessment Year 2014 - 2015, the Assessee has claimed business expenditure amounting to Rs.19,98,529/- which relates to the course fee paid to INSEAD and also Training and Coaching fee paid to Smmart Transganization (P) Limited amounting to Rs.16,85,400/-. In the Assessment Order, the Assessing Officer has noted that the Assessee is on the verge of closure of the business due to Government imposing ban on mining and as the license granted by the Government to the Assessee has expired and therefore the expenditure incurred by the Assessee cannot be allowed. He further stated that there is a decrease in the production and turnover and therefore the Assessee by taking training had no business benefit. Therefore, on this count also, the expenditure incurred by the Assessee was denied.