Bengaluru bench of Income Tax Appellate Tribunal (ITAT) rejected the appeal by Flipkart co-founder Binny Bansal, which requested that his gains in FY19-20, including $76-million gains arising from Flipkart share sale to Walmart, be tax-free as he was employed in Singapore. However, ITAT clarified that he didn't qualify as 'non-resident' as he spent over 60 days in India in FY19-20.