Disclosing this in Kolkata on Sunday the president of the Asian Cricket Council Jagmohan Dalmiya said that the decision had to be taken because the timing of the match was not suitable.
"Due to the hot weather in this part in the second half of April the tsunami match cannot be held," he said.
The match could not be held earlier because India and Pakistan would be busy with their series till mid-April.
It was learnt that the delay in holding the match also contributed to the decision to finally call it off since it was meant for a particular purpose.
The match originally scheduled to be held at the Eden Gardens on Februrary 13 had to be postponed to the second half of April due to non-availability of the best players from Australia and New Zealand.
The postponement had been done as per direction of the International Cricket Council (ICC), which had earlier assured the Asian body that the Rest of the World XI would comprise all front ranking players who did duty in the first tsunami relief match at Melbourne on January 10.
The ICC had also wanted that the second match be held in either India or Sri Lanka, the two countries which mainly suffered the devastations from the December 26 tsunami.