REGR: read_excel does not work for most file handles
- [x] closes #38788
- [x] tests added / passed
- [x] passes `black pandas`
- [x] passes `git diff upstream/master -u -- "*.py" | flake8 --diff`
- [x] whatsnew entry

@jreback  green thanks @twoertwein very nice @meeseeksdev backport 1.2.x