Step 1: Examine the assertion.
Bioremediation uses microorganisms or plants to degrade pollutants into harmless or less toxic products.
Hence,
\[
\boxed{\text{Assertion [A] is true}.}
\]
Step 2: Examine the reason.
Bioremediation does not convert pollutants into highly toxic compounds that persist in the environment.
Instead, pollutants are generally converted into harmless substances such as
\[
\boxed{\mathrm{CO_2},\ \mathrm{H_2O},\ \text{and biomass}.}
\]
Therefore,
\[
\boxed{\text{Reason [R] is false}.}
\]
Thus,
\[
\boxed{(C)}
\]
is the correct answer.