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Commodity loss (mcx)

This query is : Resolved 
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(Querist)
13 January 2014 FOR A PRIVATE LIMITED CO.
THE COMPNAY IS DEALING IN SHARE & SECURITIES (NSE,BSE,MCX)
THE COMPANY HAS A COMMODTY LOSS OF RS.1,00,000/-, AND F&O PROFIT OF RS.50,000/-
AND INTEREST INCOME OF RS.50,000/-

I WANT TO KNOW CAN THE COMMODITY LOSS BE SETOFF OR ADJUSTED AGAINST F&O + INTEREST INCOME....REGARDS
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pranav

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pranav (Expert)
13 January 2014 As per my opinion loss can be setoff against f&o profit and not against interest income.
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