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Heat oven to 350 degrees.
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Grease a tube or bundt pan.
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In a medium bowl, combine the flour cinnamon, baking powder, baking soda, and salt.
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In a large bowl, beat together the sugar, oil, vanilla, and eggs with an electric mixer for about 2 minutes.
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Slowly add the dry ingredients to the wet, while mixing. Mix well.
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Stir in the apples and nuts into the batter. Scrape the batter into the pan.
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Tap the pan to settle the batter and bake at 350 degrees for about 50 to 60 minutes, or until a toothpick comes out clean (or with just moist crumbs attached.)
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Remove cake from oven. After about 10 minutes, flip over and let cool completely.
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To make the glaze, bring the brown sugar, butter, and milk to a boil for a couple minutes.
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Drizzle over the top and sides of cake. I like to save some extra to drizzle over my sliced pieces, as well.
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Sprinkle a few walnuts on top and you're done!