The above question I found in FAQ in Apple's Tech Notes (QNo: 15). They gave an answer like this:
Use the sandbox URL https://sandbox.itunes.apple.com/verifyReceipt while testing your application in the sandbox and while your application is in review.
Use the production URL http://buy.itunes.apple.com/verifyReceipt once your application is live in the App Store.
But in In-App Purchase Programming Guide (Verifying a Receipt with the App Store Section). Apple provides an url like this:
Post the JSON object to the App Store using an HTTP POST request. The URL for the store is https://buy.itunes.apple.com/verifyReceipt.
Note that first url is using http for live account for verifying In-App Purchase while second one is using https. Which one i should use? My app got rejected because server is not getting correct response, when it sends receipt to Apple. I am using https://buy.itunes.apple.com/verifyReceipt for verifying receipt.