@EVAL is not executing code in TV default value

Hi all,
I’ve been trying to make a Date TV default to the current date time. So in the TV’s default value i put
But instead of returning a date i see the actual code verbatim in a document with the TV. Same result for any other PHP test commands. So it looks like @EVAL is not executing at all.

I’m using v 1.0.3

Any ideas as to the cause of this or pointers for further troubleshooting will be greatly appreciated.

In 1.0.4, I got a PHP error because date() expects at least one formatting parameter.