Step 1: Recall the chemistry of Fehling's test.
Fehling's reagent contains $Cu^{2+}$ ions in alkaline solution. When warmed with an aldehyde, the aldehyde is oxidised to a carboxylate ion while $Cu^{2+}$ is reduced to $Cu_2O$, giving a brick-red precipitate.
Step 2: Assess the Assertion.
All aliphatic aldehydes (e.g., $HCHO$, $CH_3CHO$) are readily oxidised by Fehling's reagent and give the characteristic brick-red precipitate. The Assertion is true.
Step 3: Identify the error in the Reason.
The Reason states that aliphatic aldehydes are reduced by Fehling's reagent. This is incorrect. In the reaction, the aldehyde is oxidised (loses electrons); it is $Cu^{2+}$ in the reagent that is reduced to $Cu^+$. The Reason is false.
\[ \boxed{\text{Option (C): Assertion true, Reason false}} \]