sec 112A set off

Yes, allowed to set off; provided ITR utility permit !

1. According to sec 70(3) which deals with inter -source adjustments, Long term capital loss cannot be adjusted against Short term capital gains. 
2. According to sec 74(1)(b), Long term capital loss will be allowed to set off only against Long term capital gains. 
3. The above sections will equally be applicable to the loss incurred u/s 112A. That is any loss incurred on account of sale of equity shares or units of equity oriented fund or a unit of business trust will be allowed to set off against Long term capital gains if any incurred during the year or it can be carry forwarded for a period of 8 AY. 
4. In your case loss, u/s 112A can be set it off only against Long term capital gains ( any type of LTCG) and not against any other income. Remaining loss after set off will be allowed to be carry forwarded for 8 AY. 
Please correct me if the above solution has an alternative view.