iTunes store operation failed
No eligible software found. Make sure this software is owned by your developer organization.
I get above
As noted by a few others, I was able to resolve this problem by using the Application Loader rather than xCode to send the iPA file to app store. In my case, both xCode and Application loader were using the correct iTunesConnect account, but for some reason, xCode was failing on submitting this app. I could submit other apps without incident, which led me on a wild goose chase thinking the problem was app specific.
Steps to Resolution were:
Glad to be past this one!