Passsync fails to sync password between AD and IPA server with Error : "Deferring password change for user1"

Issue

Passsync fails to sync password between AD and IPA server with Error : "Deferring password change for user1"

Following Errors are seen in access.logs

[16/Jun/2015:11:21:32 +0800] conn=140 op=0 BIND dn="uid=passsync,cn=sysaccounts,cn=example,dc=com" method=128 version=3
[16/Jun/2015:11:21:32 +0800] conn=140 op=0 RESULT err=0 tag=97 nentries=0 etime=0 dn="uid=passsync,cn=sysaccounts,cn=example,dc=com"
[16/Jun/2015:11:21:32 +0800] conn=140 op=1 SRCH base="cn=users,cn=accounts,cn=example,dc=com" scope=2 filter="(ntUserDomainId=ipatest4)" attrs=ALL
[16/Jun/2015:11:21:32 +0800] conn=140 op=1 RESULT err=0 tag=101 nentries=1 etime=0


[16/Jun/2015:11:21:32 +0800] conn=141 fd=75 slot=75 SSL connection from 10.0.053 to 10.0.0.55
[16/Jun/2015:11:21:32 +0800] conn=141 SSL 256-bit AES
[16/Jun/2015:11:21:32 +0800] conn=141 op=0 BIND dn="uid=ipatest4,cn=users,cn=accounts,cn=example,dc=com" method=128 version=3
[16/Jun/2015:11:21:32 +0800] conn=141 op=0 RESULT err=53 tag=97 nentries=0 etime=0
[16/Jun/2015:11:21:32 +0800] conn=141 op=1 UNBIND