Hi ,
I resolved this issue. The reason for this issue was, this site wasn't configured properly.There was few default content types missing. I asked SharePoint admin team to resolve this Content type issue. Once they fixed that issue, this got resolved automatically.
I haven't change anything in InfoPath forms.
See this thread for more details:
https://social.technet.microsoft.com/Forums/en-US/55d616b5-f0f5-4b51-9e2c-fba0c3a73f3c/permission-to-publish-infopath-2013-forms-as-site-content-type-to-sharepoint-document-libraries?forum=sharepointdevelopment
Regards,
Kajan.