Section 403 of IPC : Section 403: Dishonest Misappropriation Of Property

Explanation using Example

Imagine that Raj, while visiting a friend's house, notices a smartphone lying on the table. Assuming it's an old, unused model, he takes it without asking, thinking he might use it as a spare. Later, he realizes the phone is his friend's current device, but decides to keep it anyway, planning to sell it for cash. In this scenario, Raj's initial action may not constitute criminal behavior, but upon realizing the phone's ownership and value, his decision to sell it for personal gain transforms his act into an offence under Section 403 of the Indian Penal Code, for which he could be punished.