Set off of losses in MAT

Here we have a Private Limited Company. As per Normal Provisions no Tax Liability is arriving so this leads to tax liability as per MAT. The Company has Short Term Capital Loss being carried forward from Previous Years.

 will i be able to adjust the brought forward losses with the tax liability arriving as per MAT as im carrying forward STCG and my Net Profit,which subject to adjustments arrives at Book Profit also incomes Income from Mutual Fund.