The correct statements regarding the Revolt of 1857 are:

A. Response to call for action in revolt was reinforced by prophecy of end of British. - This statement is true. The rebellion in 1857 was driven by various factors, including discontent with British rule, and it was often associated with prophecies and religious beliefs.

C. British used military power on a gigantic scale in suppression of the revolt. - This statement is true. The British response to the revolt involved significant military force and suppression efforts to quell the rebellion.

The other statements are not accurate:

B. 'Bell of arms' was a honor received after revolt. - This statement is not accurate. There is no historical reference to a "bell of arms" being an honor received after the revolt.

D. Rebels sepoys from Meerut went to Shah Mal to assume leadership of revolt. - This statement is not accurate. The rebellion had various leaders and was not centered around a single individual like Shah Mal.

E. Rebellion was seen as a war between both Hindus and Muslims. - This statement is not entirely accurate. While the rebellion had both Hindu and Muslim participants, it wasn't primarily a war between these religious groups. It had a broader anti-British and anti-colonial character.

So, the correct option is [4].