The 1946 Palestine Cup (Hebrew: הגביע הארץ-ישראלי, HaGavia HaEretz-Israeli) was the fourteenth season of Israeli Football Association's nationwide football cup competition.
The defending champion, Beitar Tel Aviv was eliminated in the first round after losing twice to Maccabi Nes Tziona.
Hapoel Tel Aviv had difficulties throughout the competition, losing a match in the first round to minnows Hapoel Givatayim, and barely making it through the next round against Maccabi Rehovot, finally crashing to Hapoel Rishon LeZion in the quarter-finals.
Maccabi Tel Aviv and Hapoel Rishon LeZion met in the two-legged final, Maccabi winning both legs to obtain its 5th cup.
For this season, each round was played over two legs, based on the Mitropa Cup.