Thanks Drubin, Sol322 , Themadplatter and Nuguy for more suggestions/diagnostics. I will try out each.
I have changed out all the ICs (phono-pream, transport-DAC-preamp,preamp-amp) with the same make which I am extremely happy with so far. Even the speaker cables that am discussing in this thread also from same make and as I said earlier otherwisw produces sound that I did not think was possible. Except for this bass suck out at 50-60 hz. I should give it more time since both my analogue and digital source produces comparable (quite a fit) sound!! My mind is telling me something good happening with these cables and am trying to understand/read in to this new found warm but transparent bass performance. Strings are sounding oh so wonderful. Acoustic bass is very warm ( CGR like) but with enough definition up mids and uptop details. That 50 hz deep is noticable, for example when I play 'thump thump' music and there is not enough 'thump'.
I will give it enough time since i think I have a good thing going here. I will talk to the cable co designer tomorrow whoes cables(ics) have lived up to more than its reputation and the designer himself has gracefully helped me out thus far.
The lesson I learned from this experience is that I do believe that no one should skimp out on cables and like th cable thread 'double your pleasure' documents you do eliminate lot of funny stuff when you use one make and model cables. Even different model from same cable, IMO, skews things. If you have not got the right cables , you are missing out your other components performance potential.
Anyway Thanks all. I will keep you posted and reveal the cables/IC make soon.