Hi Ajinkya, 

Your question is right because it's going to be a decade with this misconception, people think that CS has more scope than IT which is totally incorrect. Both have different roles and have different careers. Scope in both the branch is similar. Visit this link once (https://www.google.com/amp/s/engineering.careers360.com/articles/engineering-branches-computer-science-vs-it/amp). This link would definitely be useful for you. Some subjects differ in CS/IT, even though they have some same basic subjects their hiring purpose might be completely different. Choose wisely. All the best. 

Hello, ajinkya it highly depends on the college from which you are getting graduated in these courses. If your priority is jobs after after degree then CSE is the best suited option for you since it has a edge over IT. But, IT also offers good job opputunities but a little less than CSE. Since, all the companies visting the campus first prefer CSE students over IT students.

So, its up to you which branch you want to choose.

IT is all about software