Also, I did below steps:
1) Changed the target build from ANY CPU --> x86
(i.e, Right click on Solution ' ' (1 project) --> Configuration Manager --> Choose x86 from "Active solution Platform" dropdown --> OK --> Clean solution --> Bulid solution -->)
2) Added some dll files to the lib folder in the project and built the project removing the earlier refernces by default and adding the new refrerences from lib folder.
3) Added the following DLLs from Path: "C:\Program Files (x86)\SAP BusinessObjects\Crystal Reports for .NET Framework 4.0\Common\SAP BusinessObjects Enterprise XI 4.0\win32_x86\dotnet\" to bin of Deployed
a) CrystalDecisions.CrystalReports.Engine.dll
b) CrystalDecisions.ReportAppServer.ClientDoc.dll
c) CrystalDecisions.ReportAppServer.Controllers.dll
d) CrystalDecisions.ReportAppServer.DataDefModel.dll
e) CrystalDecisions.ReportSource.dll
f) CrystalDecisions.Shared.dll
g) CrystalDecisions.Web.dll
h) IEShims.dll - C:/ProgramFiles/Internet Explorer folder
