I managed to get the issue resolve.On my server machine windows server 2012 was installed. Actually Crystal Report 13 RTM version and its very next build does not support IIS 8.0 which in in Windows Server 2012. I deployed very last support pack of Crystal Report 13 which is (v. 13.0.16.x) as it is mentioned in its release notes that it supports IIS 8.0, and it worked for me. I followed the foloowing link:
http://forums.asp.net/t/1918041.aspx?Crystal+Report+not+displaying+data+on+Windows+Server+2012