As per my perspective, CSE will be much much better for the following reasons
1. When planning for higher studies (in India or Abroad), choices are limited for IT and more choices are available for CSE. (Even a B. Tech (IT) cannot join M.Tech (CSE) in some particular colleges/universities)
2. When going for job perspectives, one has to be good at fundamentals, rather than recent advancements or latest technology, B.Tech (IT) deals with more technological perspective, whereas IT deals with Core Engineering and also deals with technology.
3. If somebody is planned for research level courses, then CSE is better in the sense that they are done with logics, theorotical computer science and even algorithm analysis and design which an IT student lag behind.
4. Finally, the placements, CSE and IT are equally placed and there are companies expect the students to have knowledge on the engineering rather than the technology (Ex, Microsoft, Google...). They vigorously test the students based on the algorithms rather than testing for "what is the latest technology you learnt".
But one can say that, Mostly CSE and IT have the same syllabus except some electives here and there changes, but companies sees the name as B.Tech (IT), then "oh, the student has learnt only technology and no algorithms or no engineering I can expect from him". So Taking IT leads you into this.. Even in government examinations, B.Tech (IT) is not eligible for some posts even if you claim that i have studied what a CSE student has studied.
So anyone who goes for counselling have CSE and IT as a choice, then select CSE....
Moreover, check with the syllabus of CSE and IT of various universities in India and abroad. CSE may have more hardware level courses like (Digial signal processing, Embedded Systems, Real time Systems, VLSI, Advanced Computer architecture, Digital system design, hardware software codesign) which a IT syllabus may not have.......
hope the queries of various students have been solved.
(NB: This is only my perspective)
Pradeepkumar
Pradeepkumar.org