First of all thanks for your time regarding my issue .
Actually I tried , alot of things and above given thing was on of it .
I also tried below process where I had provided dtb as well.
But result was same hanged up at "starting Kernel" , complete log is as below
U-Boot# setenv ipaddr 192.168.1.7
U-Boot# setenv serverip 192.168.1.5
U-Boot# tftpboot 0x80F80000 am335x-boneblack.dtb
link up on port 0, speed 100, full duplex
Using cpsw device
TFTP from server 192.168.1.5; our IP address is 192.168.1.7
Filename 'am335x-boneblack.dtb'.
Load address: 0x80f80000
Loading: T ####
9.8 KiB/s
done
Bytes transferred = 58133 (e315 hex)
U-Boot# tftpboot 0x80007fc0 uImage-BBB
link up on port 0, speed 100, full duplex
Using cpsw device
TFTP from server 192.168.1.5; our IP address is 192.168.1.7
Filename 'uImage-BBB'.
Load address: 0x80007fc0
Loading: T
TFTP error: 'File not found' (1)
Not retrying...
U-Boot# tftpboot 0x80007FC0 uImage-BBB
link up on port 0, speed 100, full duplex
Using cpsw device
TFTP from server 192.168.1.5; our IP address is 192.168.1.7
Filename 'uImage-BBB'.
Loading: T #################################################################
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#############
done
Bytes transferred = 7810336 (772d20 hex)
U-Boot# setenv bootags console=ttyO0,115200n8 root=/dev/mmcblk0p2 ro rootfstype=ext4 rootwait
U-Boot# bootm 0x80007fc0 - 0x80f80000
## Booting kernel from Legacy Image at 80007fc0 ...
Image Name: Linux-4.1.24+
Image Type: ARM Linux Kernel Image (uncompressed)
Data Size: 7810272 Bytes = 7.4 MiB
Load Address: 80008000
Entry Point: 80008000
Verifying Checksum ... OK
## Flattened Device Tree blob at 80f80000
Booting using the fdt blob at 0x80f80000
XIP Kernel Image ... OK
OK
Using Device Tree in place at 80f80000, end 80f91314
Starting kernel ...