I94 valid but H1B revoked, Status pending H4 or pending new H1B consular processing, can we reenter US with valid I94

I have approved I140. My current status is H4 processing. My H1B has been revoked. I have stamping on I94 till April 2017. I am planning to search for a job and apply for H1B again through consular processing. Meanwhile can I go to India and reenter US with pending H4 or pending H1B with valid I94 stamping expiring in April 2017?

What do you mean by “valid I-94 stamping” ?