Whoever habitually receives or deals in property which he knows or has reason to believe to be stolen property, shall be punished with¹[imprisonment for life], or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

________________________

1 . Substituted by Act 26 of 1955, section 117 and Schedule, for "transportation for life" (w.e.f. 1-1-1956).