There is an option, No Action, but that simply takes none of the other suggested actions, but avast won't let you run what it considers an infected file, so clicking the no action button won't change that.
avast uses exclusions to ignore files, it doesn't however have a one click option to ignore as this could be accidentally clicked with the resultant potential for infection,see below.
The question would be, why would you want to restore an infected file ?
If you feel the detection isn't good then you should confirm the detection is false rather than simply making that assumption.
You could also check the offending/suspect file at:
VirusTotal - Multi engine on-line virus scanner and
report the findings here the URL in the Address bar of the VT results page. You can't do this with the file securely in the chest, you need to extract it to a temporary (not original) location first.
Create a folder called Suspect in the C:\ drive, e.g. C:\Suspect. Now exclude that folder in the
Standard Shield, Customize, Advanced, Add, type (or copy and paste) C:\Suspect\* That will stop the standard shield scanning any file you put in that folder. You should now be able to export any file in the chest to this folder and upload it to VirusTotal without avast alerting.
If it is indeed a false positive, see
http://forum.avast.com/index.php?topic=34950.msg293451#msg293451, how to report it to avast! and what to do to exclude them until the problem is corrected.
This way it would also benefit all avast users by correcting a detection.