Hi Naresh,
If you have HANA SPS6, you can use Show Local History - then you can go back to previous version and you get few other options too.
I don't think we have Show Local History option in SPS5.
To use Show History, you need to make use of OBJECT_HISTORY table.
You can check this Video for more details:
https://open.sap.com/videos/80?module_item_id=177
Regards,
Vivek