If Item is not correct, you have to return back to vendor with 102 movement type. You can't return that to store for any other use.
If you want to return that store, then you should have received from store with 261 movement type. For that, you should define component as Stock Item (L) & create PR separately (not through PM order), so that component will be procured to store & issued to store. Then you can reject the item to store using 262 movement type.