It began on 13 March 1949 with the quarterfinals and concluded on 19 June 1949 with the replay final which was held at GSP Stadium.
Anorthosis won their 1st Cypriot Cup trophy after beating APOEL 3–0 in the final.
In all rounds each tie was played as a single leg and was held at the home ground of one of the two teams, according to the draw results.
If extra time was drawn, there was a replay match.
Abandoned at 87', due to fights between players and in crowd