Inventory unreliability

The Italian Civil Supreme Court, Section V, Order no. 17244 of 17/06/2021, affirmed that failure to indicate in inventory goods grouped in homogeneous categories by nature and value, as well as the value attributed to each group, is a clear violation of the provisions of art. 15, paragraph 2, of Presidential Decree (D.P.R.) no. 600/1973, such as to denote the absolute unreliability of the taxpayer’s accounts, with the result that the purely inductive assessment ordered by the office in relation to such violation is deemed legitimate.