Hi Ankur,
Follow the steps below to do the same.
1. Install IIS in the first PC(check
Installing IIS[
^]).
2. Host your Application IIS. See
this[
^].
3. Connect to the Server PC to Client PC(Second PC). See
Connect two PC using a LAN cable[
^]
4. Then use the IP address to browse your wesite from Client PC.
--Amit