CONFIG_MACH_IMX27LITE is not available for thedefaultarchitecture x86.
Result is shown for architecture arm

LogicPD MX27 LITEKIT platform

modulename: mach-imx27lite.ko

configname: CONFIG_MACH_IMX27LITE

Linux Kernel Configuration
└─>LogicPD MX27 LITEKIT platform
In linux kernel since version 2.6.34 (release Date: 2010-05-16)  
Include support for MX27 LITEKIT platform. This includes specific
configurations for the board and its peripherals.

source code:
arch/arm/mach-imx/mach-imx27lite.c