Hi Saptaparna,
I agree with Steve that it works fine in PCo 15.0. and another important point is you have to deploy the access database engine. in older version of PCo sometime MS Jet OLE DB source type doesn't work properly.
You can refer another post along with the suggestion of Steve for PoC or dev.
MII - Excel Integration with PCo
Hope it will help you.
Regards,
Suman