Hi Pruthvi,
With 14.1 CA Business Intelligence Release 3.3 SP2 - (SAP BusinessObjects Enterprise XI 3.1 Service Pack 7) is supported and with 14,2 also CA Business Intelligence Release 3.3 SP2 - (SAP BusinessObjects Enterprise XI 3.1 Service Pack 7). So eventually both the versions are same.
Now coming to out of box crystal reports you need to import the new biar files which comes with the product. And for custom reports you need to validate individually.
Hope this helps
Regards
Suman Pramanik