ACTIVE LIPID DEVELOPMENT PARTNERS, LTD. v. COMMISSIONER

Memorandum Findings of Fact and Opinion

PARR, Judge:

Respondent disallowed all of Active Lipid Development Partners, Ltd.'s (Active Lipid or the partnership) expenses for tax year 1983, as follows:

Research and Development Expense ....................................   $540,000
Amortized Organization Costs ........................................        200
Amortized Start-Up Costs ............................................         17
 ...

                    
                    
                    

                        

                            

                                

                            
                            

                                

                                    

                                        

                                        

                                        

                                    
                                
                                

                                    
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