OK - isso tem a ver com a política de rejeição
5.2.9 Command Syntax: RFC-821 Section 4.1.2
The syntax shown in RFC-821 for the MAIL FROM: command omits the case of an empty path: "MAIL
FROM: <>" (see RFC-821 Page 15). An empty reverse path MUST be supported.
5.3.3 Reliable Mail Receipt
.......
If there is a delivery failure after acceptance of a message, the receiver-SMTP MUST formulate
and mail a notification message. This notification MUST be sent using a null ("<>") reverse
path in the envelope; see Section 3.6 of RFC-821. The recipient of this notification SHOULD be
the address from the envelope return path (or the Return-Path: line). However, if this address
is null ("<>"), the receiver-SMTP MUST NOT send a notification. If the address is an explicit
source route, it SHOULD be stripped down to its final hop.
Também no WIKI
Bounce messages in SMTP are sent with the envelope sender address <>, known as the null sender address.