Receives and deceives (5,2)
I believe the answer is:
takes in
I believe this clue is a double definition.
'receives' is the first definition.
(taking in is a kind of receiving)
'deceives' is the second definition.
(taking in is a kind of deceiving)
'and' acts as a link.
(Other definitions for takes in that I've seen before include "Receives" , "Offers accommodation to" , "covers" , "deceives" , "kids" .)