Its not possible, Becoz
1. If you send the application from for direct entry now ICAI need atleast need 3 months to process your application as there are lot of application pending for IPCC
2. If you enroll for IIT now your batch will be in the month of March - April
3. I also just now sent application form before last week, I contacted ICAI through E-Shayatta they told Application from will be processed in the month of FeB
4. If you send application from now you can write IPCC exams in the month of May - 2014
5. My advise is Prepare for both the group and Crack IPCC in May - 2014 and go for finals..
6. If any enquery do reply..
Thank you