Make the Sugar Syrup: Combine water and sugar in a small saucepan. Bring the mixture to a boil and simmer until the mixture gets to 1 thread consistency. Keep warm.
Make the Pancakes: Combine dry ingredients in a medium bowl. Add the milk and whisk to make a smooth batter with no lumps.
Add enough oil to cover the bottom of a saute pan up to about ¼". Heat on medium high flame, add 2-3 tbsp of batter into the oil to form the pancakes. Cook until the they turn golden brown allover.
Add the pancake to the sugar syrup for 2-3 minutes, then remove onto a plate.
Drizzle the leftover syrup over the pancakes while serving. Top with chopped nuts if desired.