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3P Land Holdings Limited has faced a penalty of ₹91.93 crore imposed by the Income Tax Department for alleged under-reporting and misreporting of income concerning claims of depreciation on goodwill and carry forward of losses from an amalgamation in the assessment year 2018-2019. The company intends to appeal this decision, stating that it does not anticipate a financial impact from the penalty. This situation may create short-term uncertainty, but the swift appeal could mitigate risks for investors. Watch closely for developments regarding the appeal and any potential changes in the company’s financial strategies.