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Pending I140 Approval - New H1b in cap

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hi My employer is submitting application for my I140 , I cam back to India after 6 years in H1b , and have been in India for more than 365 days. 

Can I file a new H1b in cap for the current year , or should I nod do when I140 application is pending . 



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Thanks for the response , so if the new H1b gets picked up in lottery and later rejected for some reason , will it impact my I140 processing in anyway ? 


Will I be able to use my old H1b for amendment if my I140 gets approved after the new H1B is rejected ?

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