Using the Alternate Take option from the Recording Options menu, you can quickly create a new file and set up the track for recording a new take of the last recorded track(s). This is what happens:
If you hold down the Command key while clicking the Alternate Take menu option, a new track will be created. This is what happens:
You can hold down the Shift key while clicking Alternate Take to prevent the transport from rewinding.
Invoking Alternate Take automatically clears the Punch button.