The companies' counsel argued that the High Court had wrongly assumed that they share revenue with the government and contended that they only pay a licence fee, which is a percentage of their revenue.
"If high court order is upheld then CAG will have to audit account of every tax payer," senior counsel Harish Salve, appearing for a telecom industry body, said while challengingthe High Court order which had said that it was the duty of the CAG to audit telecom companies as a part of their revenue goes to the Consolidated Fund of India.
The bench was hearing petitions filed by Association of Unified Telecom Service Providers of India and Cellular Operators Association of India, which moved the apex court against the order.
The apex court had on February 3 sought responses from the Centre and Comptroller and Auditor General of India (CAG) on the pleas of private telecom majors.
The High Court had upheld the validity of laws empowering CAG to conduct revenue audits of private telecom firms.