Section 61(6)(b) in The M.P. Vanijyik Kar Adhiniyam, 1994
(b)the Appellate Board may-(i)confirm, reduce, enhance or annul the assessment of tax or imposition of penalty or both, or(ii)set aside the assessment or the imposition of penalty or both and direct the officer whose order of assessment or imposition of penalty has been appealed against to make a fresh assessment or re-impose penalty, after making such enquiry as it may direct; or(iii)pass such order as it may deem fit.