Bugzilla CGI scripts not getting Executed. Error "Webserver is fetching rather than executing CGI files" in bitnami LAMP Stack

Disclaimer: I know this questions sounds lame. But I am no n00b and I have done whatever I know and I could find help about this. I have already searched the forum for this and tried all the fixes given but none of them helped me hence this question.

The threads I have visited

• http://askubuntu.com/questions/147348/bugzilla-testserver-pl-failing
• http://www.thesitewizard.com/archive/addcgitoapache.shtml
• http://stackoverflow.com/questions/465222/bugzilla-error-after-installation-test-failed-web-server-is-not-executing-cgi

Now with that

My Exact problem

I have installed bugzilla on a bitnamil lampstack. The lampstack already has two other applications up and running successfully. After my bugzilla installation when I am trying to visit the page I can see my whole perl script on the borwser. Running it's own server check reveals me the following

TEST-OK Webserver is running under group id in $webservergroup.

TEST-OK Got padlock picture.

TEST-FAILED Webserver is fetching rather than executing CGI files.

What I have done in my setup

1. The bugzilla.conf file (which gets pulled in httpd.conf) has the following settings enabled

   > AddHandler cgi-script .cgi .pl
   >
   >    Options +MultiViews +ExecCGI
   >
   >    DirectoryIndex index.cgi
   >
   >    AllowOverride All
   

2. The "AddHandler cgi-script .cgi .pl" is already enabled in my httpd.conf file.

3. I have not enabled separately +ExecCGI for all directories in httpd.conf but even that does not solve the problem

What am I doing wrong here?