Taxibility of share of goodwill & revaluation profit

I think it should be chargeble to tax U/h- B&P to the partner to the extent Not charged to tax to the firm.

And  Capital gain tax is not attracted as there is no transfer of any capital assets.

Now my Question to you.........

There are four partners P,Q,R & S in Partnership firm 'Poojara & Co' having equal right. among them S is going to retired and at the time of retirement his share from firm being to Rs.25 lacs which he relinques such right in favour of such partenership firm. Whether such relinquesment is chargable to capital gain tax or not?