Lets just group them first:
(II)TJ(EE)
So Different ways would be:
1. All different words are been used
ITJE
No. Of ways =4!= 4x3x2=24
2. Two different and two similar words are used
a) IITJ
b) EETJ
c) IITE
d) EETI
e) IIJE
f) EEJI
(4! ÷2!)×6=12×6=72
(Its divided by 2! because there are two similar letters)
3. Two similar, two similar
IIEE
No of ways=4!÷(2!2!)=3×2=6
(Its divided by 2!2! because there are two sets of similar letters)
Adding all of them,
24+72+6=102
Therefore, there are 102 four-letter words formed from IITJEE