Taxation of property receipts: Section 56 treats gifts and discounted shares as taxable when fair market value exceeds specified threshold. Amendments broaden taxability of property receipts by prescribing stamp duty value for immovable property received without consideration, by expressly including bullion as a capital asset, and by introducing a provision taxing shares received by firms or private companies-treating gifts and discounted-share receipts as taxable based on fair market value exceeding the statutory threshold while excluding receipts falling under specified non-transfer transactions.