The newly restored line-up – set to release an album next month – collected the “hall of fame” prize at the annual magazine bash.
Big winners also included singer Florence Welch, of Florence And The Machine, who collected two prizes – best female, and best track for You’ve Got The Love.
Kasabian were named best act in the world, beating bands such as Muse, Arcade Fire and Kings Of Leon, who are currently number one in the album chart.
The highly coveted best album prize went to New York band The National for their fifth release, High Violet – a top five hit earlier this year.
The band beat acclaimed efforts from Paul Weller, Gorillaz, Plan B and Arcade Fire to clinch the title.
Take That’s prize marks the start of a whirl of activity as they make their comeback with a single The Flood and new album Progress, both due next month. The quintet are also expected to announce live dates soon.
The bash – officially called the Q Awards 2010 with Russian Standard Vodka – also features a number of other honorary titles.
These include recognition for suave Roxy Music frontman Bryan Ferry, who was named the Q icon.
Reunited indie guitar band Suede collected the Q inspiration award, while Crowded House frontman and solo star Neil Finn took the classic songwriter prize.
Dance gurus The Chemical Brothers were handed the Q hero award while enduring ska hitmaking band Madness were handed the title of Q idol.
Band On The Run by Wings – soon to be reissued 37 years after it was first released – took the Q classic album award.
More contemporary winners at the event, hosted by comic Al Murray at the Grosvenor House Hotel in London, included rapper turned soul star Plan B, who was named breakthrough artist. The performer – whose real name is Ben Drew – also had a hand in another award as guest vocalist for Chase & Status’s End Credits, which was handed the best video prize.
US punk-pop trio Green Day took the best live act award, while Paolo Nutini took the best male title.