1. Start regedit.
2. Navigate to HKEY_CLASSES_ROOT\lnkfile
3. Delete the IsShortcut registry value.
OR
Go to Start menu>Run>Type Regedit>expand HKEY_CLASSES_ROOT>Scroll down to folder called LNKFILE>single click on the folder>In the right pane right click on IsShortcut and click delete.
It works, but you have to change the icon size for it to take effect.
OR
create a transparent icon replace it at
regedit>HKEY_CLASSES_ROOT>LNKFILE>in the right pane right click on IsShortcut
OR
1) Start --> Run type 'regedit' (without quotes)
2) Now we have to delete the 'IsShortCut' value from 3 different places.
(i) First delete it from 'HKEY_CLASSES_ROOT\lnkfile'
(ii) Then from 'HKEY_CLASSES_ROOT\piffile'
(iii) Again from 'HKEY_CLASSES_ROOT\InternetShortcut'
3) Get out of Registry Editor
4) Restart
No More Arrows !!!