The Pit and the Pendulum from 1991 is based on the story with the same name and The Cask of Amontillado - both stories written by maestro Edgar Allan Poe.
I admit, it is not as good as the Roger Corman version from 1961 (e.g. no Vincent Price here) but what you get is witchcraft, the Inquisition, and some decent torture scenes and a fine cinematography - so the question is, what else do you need to put The Pit and the Pendulum on your screen!?
Review of The Pit and the Pendulum
