Dear Friends,
I finally got the solutions on this issue.
Actually the problem was in the iTunesConnect .
Before uploading the ipa file using XCODE or APPLICATION LOADER we need to first add a NEW APP ( + ) in the iTunesConnect where is asks for the following : -
1) Platform
2) Name
3) Primary Language
4) Bundle ID
5) SKU
Once you Add the New App and provide all the above relevant information ,you are ready to upload your ipa file.
Now when you upload the IPA file using XCODE or APPLICATION LOADER it will identify the Bundle ID associate with your App in the iTunnesConnect New App which you have recently added and will not show the general error.
I am sure this will definitely solve your problem.
Regards,
Sam