RTL Error cannot find module @assets/logo-filled.png from src/component/index.tsx – Reactjs

Getting below error

cannot find module @assets/logo-filled.png from src/component/index.tsx

if I replace import logo from @assets/logo-filled.png with import logo from ../../../assets/logo-filled.png

This line of import is working fine while running the application. But while running the test scripts npm test -> react-scripts test the above error is popping up

test.test.tsx

import React from "react";
import { render } from "@testing-library/react";
import {Logo} from "../components/logo";
describe('Describe...', () => {
    test('test ...', () => {
        console.log('the test');
        render(<Logo withoutText={true}/>);        
        expect(1).toBe(1)
    });
});

Logo.tsx

import React from 'react';
import { Stack, Image, Text } from '@fluentui/react';
import { logoContainerStyles, textStyles } from './styles';

// ERROR thrown by below line
import logo from '@assets/icon-16.png';

// Works fine with below commented line
/** import logo from '../../../assets/icon-16.png'; */

export interface LogoProps {
  withoutText?: boolean;
}

export const Logo: React.FC<LogoProps> = props => {
  const { withoutText } = props;
  return (
    <Stack styles={logoContainerStyles} horizontalAlign="center">      
     <Image src={logo} alt="logo" width={64} shouldFadeIn={false} />      
     <Text styles={textStyles} variant="xLarge">         
       Hello StackOverflow
     </Text> 
    </Stack> 
  );
};

ts.config.json

{
  "compilerOptions": {
    "target": "es5",
    "module": "esnext",
    "moduleResolution": "node",
    "allowJs": true,
    "jsx": "react",
    "lib": ["esnext", "dom", "dom.iterable"],
    "esModuleInterop": true,
    "allowSyntheticDefaultImports": true,
    "strict": true,
    "forceConsistentCasingInFileNames": true,
    "resolveJsonModule": true,
    "sourceMap": true,
    "emitDecoratorMetadata": true,
    "experimentalDecorators": true,
    "outDir": "dist",
    "noImplicitReturns": true,
    "pretty": true,
    "typeRoots": ["node_modules/@types"],
    "baseUrl": "src",
    "paths": {
      "@assets/*": ["../assets/*"]
    }
  },
  "include": ["src"]
}

Any kind of help will much be appreciated.