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ABB India Limited has received a penalty order from the Office of the Assistant Commissioner in Kolkata, amounting to Rs. 1.39 Crore concerning excess Input Tax Credit availed. The company plans to appeal this decision, believing it will achieve a favorable outcome at the appellate level. ABB India does not anticipate that this penalty will have any substantial impact on its operations or financial position. Investors should note this development but may take reassurance from the company's proactive response and optimistic outlook regarding the appeal.