Step 1: The Assertion is correct. Phenol reacts with concentrated nitric acid in the presence of sulfuric acid to form 2,4,6-trinitrophenol (picric acid).
Step 2: The Reason is incorrect. The –OH group in phenol activates the benzene ring and is an \( o, p \)-directing group due to its +M effect, which increases electron density at the ortho and para positions.
Step 3: Therefore, while the Assertion is true, the Reason is false.