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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Taxation of property receipts: Section 56 treats gifts and discounted shares as taxable when fair market value exceeds specified threshold.</h1> 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.

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