This paper describes our efforts in tackling Task 5 of SemEval-2020. The task involved detecting a class of textual expressions known as counterfactuals and separating them into their constituent elements. Our final submitted approaches were an ensemble of various fine-tuned transformer-based and CNN-based models for the first subtask and a transformer model with dependency tree information for the second subtask. We ranked 4-th and 9-th in the overall leaderboard. We also explored various other approaches that involved classical methods, other neural architectures and incorporation of different linguistic features.