Partner retirement

1. It is normal for the firm to pay the balance standing in the capital account to the retiring partner as soon he is relieved from the firm. 
2. However, the retiring partner will hold rights over the share capital of the company even if not for goodwill. There will not be any capital gain tax of the payment is made only towards capital standing in the account of the partner and no amount in excess of it. 
3. In your case since you have not made any payments towards capital or goodwill, there is no income which is subject to tax.
Please correct me if the above solution has an alternative view.