Add to 1 hour to the Current Date
DATEADD(hh,1,getdate())
Subtract 1 hour to the Current Date
DATEADD(hh,-1,getdate())
Add 1 hour to the Current Time and returns just the time part
select Convert(varchar,( DATEADD(hh,-1,getdate())),8)
Reference
http://msdn.microsoft.com/en-us/library/ms186819.aspx