The Veil of Incorporation

The Veil of Incorporation
The doctrine laid down in Salomon v Salomon & Co Ltd [1897] AC 22 has to be watched very carefully. It has often been supposed to cast a veil on the personality of a limited company through which the courts cannot see. But that is not true. The courts can, and often do, draw aside the veil. They can, and often do, pull off the mask. They look to see what really lies behind.
Lord Denning in Littlewoods Mail Order Stores Ltd v Inland Revenue Commissioners [1969] 3 All ER 442
Required:
Discuss the above statement with the aid of relevant legal authorities.
Further Details
The purpose of this assignment is for students to independently research an area of law, and deliver an essay on the subject.
The topic chosen for the assignment, the Veil of Incorporation, is arguably one of the single most important concepts in Company Law. I very much hope that you find the topic interesting, and that your research leads you to critically consider the practical purposes of the veil, and the instances where the law will lift the veil. There will be lectures on this topic in the second term, as well as some detailed guidance to support you however you will be strongly encouraged to research the topic yourself in order to gain a deeper insight and informed opinion.