tag… right or wrong?
Is it syntactically and semantically correct to nest tag. I am talking about HTML
It is syntactically incorrect, as you can see for yourself using the W3C markup validator.
Semantically and practically I would say it's "ok" in the sense that a) it is very natural, b) all browsers handle it correctly (indeed this is one of the easiest problems they have to face daily).
If your HTML is produced by user input (e.g. an HTML editor widget using which visitors can leave comments) then I 'd say simply let it be, even if it is "incorrect".
Otherwise, you could change the markup a bit. Personally I would go with
Some content
and give .para
appropriate margins with CSS.