Issue with Asp.Net MVC App - Cannot load 'System.Diagnotics.Tracing'

I have an ASP.Net MVC app on .Net 4.7.2. I updated some nuget packages, and now when the application runs I receive an error as below.

I have downgraded the System.Diagnostics.Tracing nuget package and then upgraded it to version 4.3.0 but the error still occurs.

Server Error in '/' Application.
Cannot load a reference assembly for execution.
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code. 

Exception Details: System.BadImageFormatException: Cannot load a reference assembly for execution.

Source Error: 

An unhandled exception was generated during the execution of the current web request. Information regarding the origin and location of the exception can be identified using the exception stack trace below.

Stack Trace: 


[BadImageFormatException: Cannot load a reference assembly for execution.]

[BadImageFormatException: Could not load file or assembly 'System.Diagnostics.Tracing' or one of its dependencies. Reference assemblies should not be loaded for execution.  They can only be loaded in the Reflection-only loader context. (Exception from HRESULT: 0x80131058)]
   System.Reflection.RuntimeAssembly._nLoad(AssemblyName fileName, String codeBase, Evidence assemblySecurity, RuntimeAssembly locationHint, StackCrawlMark& stackMark, IntPtr pPrivHostBinder, Boolean throwOnFileNotFound, Boolean forIntrospection, Boolean suppressSecurityChecks) +0
   System.Reflection.RuntimeAssembly.nLoad(AssemblyName fileName, String codeBase, Evidence assemblySecurity, RuntimeAssembly locationHint, StackCrawlMark& stackMark, IntPtr pPrivHostBinder, Boolean throwOnFileNotFound, Boolean forIntrospection, Boolean suppressSecurityChecks) +36
   System.Reflection.RuntimeAssembly.InternalLoadAssemblyName(AssemblyName assemblyRef, Evidence assemblySecurity, RuntimeAssembly reqAssembly, StackCrawlMark& stackMark, IntPtr pPrivHostBinder, Boolean throwOnFileNotFound, Boolean forIntrospection, Boolean suppressSecurityChecks) +152
   System.Reflection.RuntimeAssembly.InternalLoad(String assemblyString, Evidence assemblySecurity, StackCrawlMark& stackMark, IntPtr pPrivHostBinder, Boolean forIntrospection) +77
   System.Reflection.RuntimeAssembly.InternalLoad(String assemblyString, Evidence assemblySecurity, StackCrawlMark& stackMark, Boolean forIntrospection) +21
   System.Reflection.Assembly.Load(String assemblyString) +28
   System.Web.Configuration.CompilationSection.LoadAssemblyHelper(String assemblyName, Boolean starDirective) +38

[ConfigurationErrorsException: Could not load file or assembly 'System.Diagnostics.Tracing' or one of its dependencies. Reference assemblies should not be loaded for execution.  They can only be loaded in the Reflection-only loader context. (Exception from HRESULT: 0x80131058)]
   System.Web.Configuration.CompilationSection.LoadAssemblyHelper(String assemblyName, Boolean starDirective) +726
   System.Web.Configuration.CompilationSection.LoadAllAssembliesFromAppDomainBinDirectory() +196
   System.Web.Configuration.CompilationSection.LoadAssembly(AssemblyInfo ai) +45
   System.Web.Compilation.BuildManager.GetReferencedAssemblies(CompilationSection compConfig) +172
   System.Web.Compilation.BuildManager.GetPreStartInitMethodsFromReferencedAssemblies() +91
   System.Web.Compilation.BuildManager.CallPreStartInitMethods(String preStartInitListPath, Boolean& isRefAssemblyLoaded) +111
   System.Web.Compilation.BuildManager.ExecutePreAppStart() +156
   System.Web.Hosting.HostingEnvironment.Initialize(ApplicationManager appManager, IApplicationHost appHost, IConfigMapPathFactory configMapPathFactory, HostingEnvironmentParameters hostingParameters, PolicyLevel policyLevel, Exception appDomainCreationException) +695

[HttpException (0x80004005): Could not load file or assembly 'System.Diagnostics.Tracing' or one of its dependencies. Reference assemblies should not be loaded for execution.  They can only be loaded in the Reflection-only loader context. (Exception from HRESULT: 0x80131058)]
   System.Web.HttpRuntime.FirstRequestInit(HttpContext context) +659
   System.Web.HttpRuntime.EnsureFirstRequestInit(HttpContext context) +89
   System.Web.HttpRuntime.ProcessRequestNotificationPrivate(IIS7WorkerRequest wr, HttpContext context) +188

Version Information: Microsoft .NET Framework Version:4.0.30319; ASP.NET Version:4.7.3282.0

The issue was due to an incorrect bindingRedirect:

  <dependentAssembly>
    <assemblyIdentity name="System.Diagnostics.Tracing" publicKeyToken="B03F5F7F11D50A3A" culture="neutral" />
    <bindingRedirect oldVersion="0.0.0.0-4.2.0.0" newVersion="4.2.0.0" />
  </dependentAssembly>

Removing the "bindingDirect" completely solved the issue.