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Currently it is not possible to create a return order as an item task underneath a project. Als a return order cannot be related to a project. This would be a nice feature to add to D365 for Finance and Operations.
STATUS DETAILS
Under Review

Annette Bruer (administrator) on 5/6/2019 2:31:05 PM
Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.
Sincerely, Annette Bruer, PM, Microsoft