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<h1>Tax Authorities Revise ITR-5 Form for Assessment Year 2025-26 Under Sections 139 and 295</h1> The Central Board of Direct Taxes (CBDT) issued Notification No. 42/2025 on May 1, 2025, amending the Income-tax Rules, 1962. The notification introduces a new ITR-5 Form for Assessment Year 2025-26, effective from April 1, 2025. The amendment is made under sections 139 and 295 of the Income-tax Act, 1961, with an assurance that no person will be adversely affected by the retrospective implementation.