The aethalometer model (AM) is widely used for source apportionment (SA) of black carbon (BC) in regions with mixed BC sources despite being initially developed for a relatively simplistic and low-pollution environments. The present study interrogates the applicability of AM in highly polluted metropolitan environments by comparing its results with the more nuanced Positive Matrix Factorization (PMF) model. The measurements were conducted in Delhi during the winter and summer season. PMF apportions the BC into diverse sources by taking help from complementary trace elemental measurements, thereby acknowledging the complex pollution landscape of the Delhi region. The AM estimates BCbb (BC from biomass burning) and BCff (BC from fossil fuel combustion) contributions as 48.3% and 51.7% during the winter and 16.6% and 83.4% during the summer, respectively.In contrast, the PMF model-derived biomass burning factor is the dominant source of BC during both winter and summer seasons, contributing 53.9% and 44% of the total BC, respectively. The decrease in light absorption at UV wavelengths of biomass-burning aerosols owing to escalated ambient aging is posited to be the reason for BCbb underprediction by the AM model during summers. Furthermore, while the AM model identifies fossil fuel combustion as the only other BC source apart from biomass burning, the PMF model apportions BC to five additional sources during winter, including vehicle emissions (22.9%), Pb-rich factor (10%), power plant (5.7%), waste incineration (4%) and industrial emission (3.6%). The contribution of these BC sources during summer is vehicular emission (16.5%), power plant (14.5%), waste incineration (11.5%), Pb-rich factor (9.5%), and industrial emission (4%). Additionally, the spectral variation of the light absorption properties of black carbon (bBCabs) and brown carbon (bBrCabs), delta-C effect, and sensitivity of the AM are reported for the study period. The present study cautions that BC source apportionment can be complex in highly polluted metropolitan environments, and complementary tracer measurements are recommended for reliable results.