Hi Chirag!

No, IIT's does not offer entry in 2nd year of b.tech through lateral entry. Just candidates who have finished twelfth standard or equal from a perceived board and the individuals who have qualified and score great stamps in JEE assessment can get confirmation in IIT. If you want to study in IIT then you have to take admission with 12th standard students into 1st year of B.Tech not as a lateral entry.

Hope this helps.

All the best!