Chartered Accountant
861 Points
Joined June 2012
There won't be any problem provided that you mention the correct address in the return of income as the correspondence from IT department will be sent to the address mention in the return of income.
Problem is that your jurisdictional AO would be based on your PAN address (wrong address).
You may change the address in PAN in form 49A and afterwards in writing to AO to change the jurisdiction based on new address.