Roles not appearing on Assign to roles admin page.

I created a Role/Privilege and label for role in a label editor. When i go to admin page to assign roles list form, i see the label id in role name column and label id in role description column instead of role name and role description. When i select the role item which is a label id there are no privileges attached to it. I don't know this is a bug or i am doing something wrong FYI I am working on Dynamics AX 2012 R1.  When I reset the label and description to text it works fine, but when i change the text to a label id e.g. @XYZ7, role does not appear and it doesn't work.

I would appreciate if you can help me out.

Regards,

salman