If your Command is syntactically correct, but produces the error shown above, please comment your command, and explain which item/block it is so I can add it to the correct list.
Recommend this remains open, and I'll add to the lists of blocks and items that don't work based off of which comments receive the most upvotes. Please test all aspects with at least 3 other items to make sure you know if it's the item your giving yourself or the blocks it can_place_on/can_destroy.

AC = all colors
O = oak
DO = dark oak
S = spruce
J = jungle
A = acacia
B = Birch
N = normal type
Ch = chiseled
C = cut
Sm = Smooth
R in front of N, Ch, C, Sm = red sandstone version
M = mossy
Cr = cracked

"can_place_on" blocks- (blocks you want said item to be placed on)

• red sand (minecraft:red_sand)
• wool(AC)
• carpet(AC)
• concrete(AC)
• concrete powder(AC)
• planks(DO, O, S, J, A, B)
• terracotta(AC, NOTICE:still called "hardened_clay" by database)
• fence(DO, O, S, J, A, B)
• sandstone(N, Ch, C, Sm, RN, RCh, RC, RSm)
• stonebricks(N, M, Cr, Ch)
• walls
• stones

"can_destroy" blocks- (blocks you pick to be destroyed)

• red sand (minecraft:red_sand)
• wool(AC)
• carpet(AC)
• concrete(AC)
• concrete powder(AC)
• planks(DO, O, S, J, A, B)
• terracotta(AC, NOTICE:still called "hardened_clay" by database)
• fence(DO, O, S, J, A, B)
• sandstone(N, Ch, C, Sm, RN, RCh, RC, RSm)
• stonebricks(N, M, Cr, Ch)
• walls
• stones

You get the idea

Edit.
can_place_on, and can_destroy when used in /give command doesn't work with any of the above block types.